• Consumers Are Spending Like Crazy Again. Here's Why

    2 monthes ago - By Fortune

    Retail spending is up, and consumers aren't showing signs of dropping how much they shop.
    Brick-and-mortar store sales rose 0.8% in May, with big gains across clothing retailers, restaurants, and home improvement stores including Lowe's and Home Depot. Physical stores even outpaced online retail giants like Amazon .
    Overall, retail spending, which includes everything from sporting goods to autos, is up 5.9% from this time last year, at roughly double the rate of inflation.
    The reason? According to a government report out today, American consumers are feeling more optimistic thanks to a...
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