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Economic Insights - Current Data & Trends Shaping the Economy
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.056em}.institute-navigation__link--main,.institute-navigation__link--sub{color:var(--institute-navigation--font-color)}@media(min-width:64rem){.institute-navigation__link--sub{color:#0053c2}}.institute-navigation__link--hide-mobile{display:none}@media(min-width:64rem){.institute-navigation__link--hide-mobile{display:block}}.institute-navigation__menu{-webkit-box-orient:vertical;-webkit-box-direction:normal;display:-webkit-box;display:-ms-flexbox;display:flex;-ms-flex-direction:column;flex-direction:column;height:100vh;position:absolute;right:0;top:100%;width:100%}@media(min-width:64rem){.institute-navigation__menu{-webkit-box-orient:unset;-webkit-box-direction:unset;display:block;-ms-flex-direction:unset;flex-direction:unset;height:auto;position:static;right:unset;top:unset;width:auto}.institute-navigation__menu.collapse{display:block}.institute-navigation__menu-main>.institute-navigation__links{-webkit-box-orient:horizontal;-webkit-box-direction:normal;-webkit-box-align:start;-ms-flex-align:start;align-items:flex-start;display:-webkit-box;display:-ms-flexbox;display:flex;-ms-flex-direction:row;flex-direction:row;gap:2.5rem}}.institute-navigation__menu-height-container{background-color:var(--institute-navigation--menu-bg-color);margin:0;overflow-y:auto;padding:.5rem 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#000}.institute-navigation__logo-image{height:auto;max-width:12.5rem;width:100%}@media(min-width:48rem){.institute-navigation__logo-image{display:block;max-width:15.3125rem}}.institute-navigation__logo-image--mobile{display:none}@media(min-width:48rem){.institute-navigation__logo-image--mobile{display:none}}.institute-navigation{--institute-navigation--hamburger-utility-font-color:#fff}.institute-navigation--internal-page{--institute-navigation--hamburger-utility-font-color:#012169}.institute-navigation__utility ul{padding-left:0}.institute-navigation__utility ul li{list-style-type:none}.institute-navigation__utility ul li a{color:#012169;font-family:Connections,Arial,Verdana,Helvetica,sans-serif;letter-spacing:0}.institute-navigation__utility--top{background-color:#ededed;padding:4px 0;width:100%;z-index:1050}@media(max-width:39rem){.institute-navigation__utility--top .hub-utility-nav{padding:0}}@media(min-width:40rem){.institute-navigation__utility--top 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.hub-nav__dropdown{-webkit-box-orient:vertical;-webkit-box-direction:normal;background-color:#f9f7f4;border:1px solid #ccc;display:-webkit-box;display:-ms-flexbox;display:flex;-ms-flex-direction:column;flex-direction:column;height:calc(100% - 2rem);position:fixed;right:-100%;text-align:center;top:2.875rem;width:100%;z-index:1050}@media(min-width:48rem){.institute-navigation__utility .hub-nav__dropdown{display:block;display:none;height:auto;padding:.813rem .813rem .625rem;position:absolute;right:2%;text-align:justify;top:3.5rem;width:31rem}.institute-navigation__utility .hub-nav__dropdown:before{background:url("/etc.clientlibs/institute/clientlibs/clientlib-site/resources/images/hub/arrow_up.png") no-repeat;background-size:contain;content:"";height:1.375rem;position:absolute;right:2.5rem;top:-1.25rem;width:2.5rem}}.institute-navigation__utility .hub-nav__dropdown-arrow{background:#eee url("/etc.clientlibs/institute/clientlibs/clientlib-site/resources/images/hub/left_arrow.png") no-repeat;background-position:50%;border:none;display:block;height:1.5rem;left:1.25rem;position:absolute;top:50%;-webkit-transform:translateY(-50%);transform:translateY(-50%);width:.8125rem}.institute-navigation__utility .hub-nav__dropdown-arrow:focus{outline:none}.institute-navigation__utility .hub-nav__dropdown-title{-webkit-box-pack:justify;-ms-flex-pack:justify;background-color:#eee;border-bottom:1px solid #ccc;display:-webkit-box;display:-ms-flexbox;display:flex;justify-content:space-between;position:relative}@media(min-width:48rem){.institute-navigation__utility .hub-nav__dropdown-title{display:none}}.institute-navigation__utility .hub-nav__dropdown-title-text{color:#333;font-family:Connections,Arial,Verdana,Helvetica,sans-serif;font-size:.875rem;line-height:2;margin:0;padding:.4375rem .3125rem;width:100%}.institute-navigation__utility .hub-nav__dropdown-title-text:hover{cursor:pointer}@media(min-width:48rem){.institute-navigation__utility .hub-nav__dropdown-title-text{background:none;border-bottom:0;font-size:1rem;line-height:1;padding:0 0 .25rem;pointer-events:none}}.institute-navigation__utility .hub-nav__dropdown-list{overflow-y:auto;padding:0 1.25rem}@media(min-width:48rem){.institute-navigation__utility .hub-nav__dropdown-list{padding:0}}.institute-navigation__utility .hub-nav__dropdown-list ul{padding:0}@media(min-width:48rem){.institute-navigation__utility .hub-nav__dropdown-list ul:first-child() li:last-child(){border-bottom:0}}.institute-navigation__utility .hub-nav__dropdown-list ul:last-child() li:last-child(){border-bottom:0}.institute-navigation__utility .hub-nav__dropdown-list ul li{border-bottom:1px solid #ccc}@media(min-width:48rem){.institute-navigation__utility .hub-nav__dropdown-list ul li{border-right:1px solid #ccc;width:100%}}.institute-navigation__utility .hub-nav__dropdown-list ul li a{color:#0073cf;display:block;font-size:.875rem;padding:.869rem .3125rem 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.056em;color:var(--institute-navigation--hamburger-utility-font-color);display:inline-block;font-size:1.25rem;margin-top:.625rem;-webkit-transition:background .6s cubic-bezier(.22,1,.36,1);transition:background .6s cubic-bezier(.22,1,.36,1)}.institute-navigation__utility.institute-navigation__utility--bottom .hub-utility-nav__links-l1>li>a:focus-visible,.institute-navigation__utility.institute-navigation__utility--bottom .hub-utility-nav__links-l1>li>a:hover{background-size:100% .056em}.institute-navigation__utility.institute-navigation__utility--bottom .hub-utility-nav__links:first-child a{margin-top:0}.institute-navigation__utility.institute-navigation__utility--bottom .hub-utility-nav__links a{display:block;font-size:.875rem}@media(min-width:48rem){.institute-navigation__utility.institute-navigation__utility--bottom{display:none}}.aem-AuthorLayer-Edit .institute-navigation__utility{position:relative}.aem-AuthorLayer-Edit .institute-navigation__utility--top{background:#fff}.aem-AuthorLayer-Edit .institute-navigation__utility--top .hub-utility-nav{background-color:#ededed;max-width:none}.institute-navigation{left:0;position:fixed;top:0;width:100vw;z-index:1020}.institute-navigation .notification-strip__wrapper{padding:0}.institute-navigation .notification-strip__content{max-width:80rem;padding-left:1.25rem;padding-right:1.25rem}@media(min-width:48rem){.institute-navigation .notification-strip__content{padding-left:2.5rem;padding-right:2.5rem}}.institute-navigation--edit{position:relative}@media (-ms-high-contrast:none),screen and (-ms-high-contrast:active){.institute-navigation .collapsing{-webkit-transition:none;transition:none}}.aem-AuthorLayer-Edit .institute-navigation{max-width:100%;position:relative}@media(min-width:90rem){.layout-container{margin-left:auto;margin-right:auto;max-width:100rem}.layout-container--fullbleed{max-width:unset}}.layout-container--rightrail{margin-bottom:1.875rem;padding-left:2rem;padding-right:2rem}@media(min-width:75rem){.layout-container--rightrail{padding-left:4rem;padding-right:4rem}}.layout-container--rightrail .layout-container__column-left{background-color:#fff;position:relative}@media(min-width:48rem){.layout-container--rightrail .layout-container__column-left{padding-left:8.33333333%;padding-right:8.33333333%}}.layout-container--rightrail .layout-container__column-right{height:100%;position:relative;width:100%}@media(min-width:48rem)and (max-width:64rem){.layout-container--rightrail .layout-container__column-right{padding-left:8.33333333%;padding-right:8.33333333%}}@media(min-width:64rem){.layout-container--rightrail .layout-container__column-right{padding-top:3.4375rem}}.layout-container--center .col{-webkit-box-pack:center;-ms-flex-pack:center;display:-webkit-box;display:-ms-flexbox;display:flex;-ms-flex-wrap:wrap;flex-wrap:wrap;justify-content:center}@media(min-width:48rem){.layout-container--center .col>div{-webkit-box-orient:vertical;-webkit-box-direction:normal;display:-webkit-box;display:-ms-flexbox;display:flex;-ms-flex-direction:column;flex-direction:column;padding:0 1rem}}.layout-container--edit [class^=col-]{border:1px dashed #ccc}.layout-container--edit .col{display:block}@media(min-width:48rem){.layout-container.column-separator--desktop .col:not(:last-child){border-right:1px solid #d5d5d5}}@media(max-width:47.9375rem){.layout-container.column-separator--all .col:not(:last-child):after,.layout-container.column-separator--mobile .col:not(:last-child):after{border-bottom:1px solid #d5d5d5;content:"";display:block;margin-bottom:1.875rem;margin-top:1.875rem}}@media(min-width:48rem){.layout-container.column-separator--all .col:not(:last-child){border-right:1px solid #d5d5d5}}.masthead{margin-left:auto;margin-right:auto;max-width:100rem;overflow:hidden;position:relative}.masthead__type--image .image,.masthead__type--image .image__bg,.masthead__type--image .image__content,.masthead__type--image .image__picture,.masthead__type--image .image__wrapper,.masthead__type--image img{display:block;height:100%;width:100%}@media(min-width:75rem){.masthead__type--image img{height:auto}}.masthead__type--fullbleed{max-width:unset}.masthead__type--video{position:relative}.masthead__type--video video{-o-object-fit:cover;object-fit:cover;width:100%}.masthead__type--video .object-fit-polyfill{height:100%;width:100%}.masthead__type--video .video__button{position:absolute;right:.625rem;top:.625rem;z-index:1000}@media(min-width:48rem){.masthead__type--video .video__button{right:1.25rem;top:1.25rem}}@media(min-width:64rem){.masthead__type--video .video__button{bottom:1.25rem;top:auto}}.masthead__type--video .video__button:hover{cursor:pointer}.masthead__type--video .video__button--play{display:none}.masthead__type--video .icon--pause:after{color:#fff;content:"";font-family:IR-Icons;font-size:2rem}.masthead__type--video .icon--play:after{color:#fff;content:"";font-family:IR-Icons;font-size:2rem}.masthead__size--small{height:11.25rem}@media(min-width:48rem){.masthead__size--small{height:16.5625rem}}@media(min-width:64rem){.masthead__size--small{height:16.5625rem}}@media(min-width:75rem){.masthead__size--small{height:16.25rem}}.masthead__size--medium{height:20rem}@media(min-width:48rem){.masthead__size--medium{height:20rem}}@media(min-width:64rem){.masthead__size--medium{height:21.25rem}}@media(min-width:75rem){.masthead__size--medium{height:23.75rem}}.masthead__size--large{height:23.4375rem}.masthead__size--large video{min-height:23.4375rem}@media(min-width:48rem){.masthead__size--large,.masthead__size--large video{height:20rem}}@media(min-width:64rem){.masthead__size--large,.masthead__size--large video{height:21.25rem}}@media(min-width:75rem){.masthead__size--large,.masthead__size--large video{height:30rem}}.masthead--blue-flagscape{background-color:rgba(0,0,0,0)}.masthead--blue-flagscape .masthead__media{background-image:url("/etc.clientlibs/institute/clientlibs/clientlib-site/resources/images/blue_flagscape_masthead_mobile.jpg");background-size:cover}@media(min-width:48rem){.masthead--blue-flagscape .masthead__media{background-image:url("/etc.clientlibs/institute/clientlibs/clientlib-site/resources/images/blue_flagscape_masthead_tablet_portrait.jpg")}}@media(min-width:64rem){.masthead--blue-flagscape .masthead__media{background-image:url("/etc.clientlibs/institute/clientlibs/clientlib-site/resources/images/blue_flagscape_masthead_tablet_landscape.jpg")}}@media(min-width:75rem){.masthead--blue-flagscape .masthead__media{background-image:url("/etc.clientlibs/institute/clientlibs/clientlib-site/resources/images/blue_flagscape_masthead_desktop.jpg")}}.masthead--dark-blue{background-color:#012169}.masthead--white{background-color:#fff}.masthead--bright-red{background-color:#e31837}.masthead--gray{background-color:#f5f5f5}.masthead__wrapper{-webkit-box-align:center;-ms-flex-align:center;-webkit-box-pack:center;-ms-flex-pack:center;align-items:center;justify-content:center;width:100%}.masthead__content,.masthead__wrapper{display:-webkit-box;display:-ms-flexbox;display:flex}.masthead__content{-webkit-box-orient:vertical;-webkit-box-direction:normal;-webkit-box-flex:0;-webkit-box-sizing:border-box;box-sizing:border-box;-ms-flex:0 0 auto;flex:0 0 auto;-ms-flex-direction:column;flex-direction:column;max-width:100%;padding:1.25rem 1rem}@media(max-width:74.9375rem){.masthead__content{padding-left:1.5625rem;padding-right:1.5625rem}}@media(min-width:75rem){.masthead__content{padding-left:4rem;padding-right:4rem}}@media(min-width:90rem){.masthead__content{padding-left:0;padding-right:0}}.masthead__content .cta{margin-top:1.5625rem}.masthead__content-container{max-width:82rem;width:100%}.masthead__content--below{position:relative}@media(min-width:48rem){.masthead__content--below{height:100%;left:0;position:absolute;top:0;width:100%}}.masthead__content--top{height:100%;left:0;position:absolute;top:0;width:100%}.masthead__content--left{-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start;text-align:left}.masthead__content--right{-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end;text-align:right}.masthead__content--center{-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center;text-align:center}@media(min-width:48rem){.masthead__content--mleft-dright{-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end;text-align:right}.masthead__content--mleft-dcenter{-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center;text-align:center}}.masthead__type--color .masthead__wrapper{height:100%;left:0;position:absolute;top:0;width:100%}.cq-Editable-dom .masthead .masthead__media>div{height:100%}.navigation__bottom,.navigation__bottom.open{-webkit-transition:background .25s ease-in;transition:background .25s ease-in}.navigation__bottom.open{background:#fff}@media(min-width:75rem){.navigation__bottom{background-color:#fff;display:-webkit-box;display:-ms-flexbox;display:flex;min-height:36px}}@media(max-width:74.9375rem){.navigation__bottom .navigation__wrapper{height:100%;padding:0}}@media(min-width:75rem){.navigation__bottom .navigation__wrapper{display:-webkit-box;display:-ms-flexbox;display:flex}}@media(max-width:74.9375rem){.navigation__site-name{background:#f5f5f5;display:block;font-size:.75rem;line-height:22px;padding-left:1.5625rem;padding-right:1.5625rem;padding-top:0}.navigation__site-name,.open .navigation__site-name{-webkit-transition:background .25s ease-in;transition:background .25s ease-in}.open 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.navigation-spacer{display:none}}.navigation__menu-sub{width:100%}@media(min-width:75rem){.navigation__menu-sub{background-color:rgba(255,255,255,.7);left:0;margin-top:.4375rem;position:fixed}}.navigation__menu-sub .navigation__links{-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.navigation__links{list-style-type:none;margin:0;padding:0}@media(min-width:75rem){.navigation__links{-webkit-box-pack:center;-ms-flex-pack:center;display:-webkit-box;display:-ms-flexbox;display:flex;justify-content:center}}.navigation__item{-webkit-transition:all .2s linear;transition:all .2s linear}@media(max-width:74.9375rem){.navigation__item--main{-webkit-box-pack:justify;-ms-flex-pack:justify;-webkit-box-align:center;-ms-flex-align:center;align-items:center;border-top:1px solid #d5d5d5;display:-webkit-box;display:-ms-flexbox;display:flex;-ms-flex-wrap:wrap;flex-wrap:wrap;justify-content:space-between;padding:1.25rem 1.5625rem}}@media(min-width:75rem){.navigation__item--main{margin:0 1.875rem;padding:2px}}.navigation__item--main:first-child{margin-left:0}.navigation__item--main:last-child{margin-right:0}.navigation__item--main:not(.navigation__item--main-with-subitems){background-color:#fff}.navigation__item--main:not(.navigation__item--main-with-subitems) a{color:#012169}@media(max-width:74.9375rem){.navigation__item--sub{padding-left:1.5625rem;padding-right:1.5625rem}}.navigation__link{color:#012169;display:inline-block;font-size:1.125rem;-webkit-transition:all .2s linear;transition:all .2s linear}.navigation__link--main.active,.navigation__link--main:focus,.navigation__link--main:hover{text-decoration:underline}.navigation__link--sub{margin:1.25rem 0 0}@media(min-width:75rem){.navigation__link--sub{margin:0;padding:.875rem 2.5rem}.navigation__link--sub:focus,.navigation__link--sub:hover{background-color:#fff;-webkit-box-shadow:0 2px 2px 0 rgba(0,0,0,.1);box-shadow:0 2px 2px 0 rgba(0,0,0,.1)}}.navigation__toggle{background:none;border:none;cursor:pointer;z-index:1}.navigation__toggle svg{display:block;-webkit-transition:all .2s ease-in-out;transition:all .2s ease-in-out}.navigation__toggle--main{height:2.3125rem;padding:0;width:2.3125rem}@media(min-width:75rem){.navigation__toggle--main{display:none}}@media (-ms-high-contrast:none),screen and (-ms-high-contrast:active){.navigation__toggle--main.active svg{display:none}.navigation__toggle--main.active:after{color:#000;content:"";font-family:IR-Icons;font-size:1rem}}.navigation__toggle--main .svg-line-v{-webkit-transform-origin:center;transform-origin:center;-webkit-transition-duration:.2s,0s;transition-duration:.2s,0s;-webkit-transition-property:stroke-width,-webkit-transform;transition-property:stroke-width,-webkit-transform;transition-property:transform,stroke-width;transition-property:transform,stroke-width,-webkit-transform;-webkit-transition-timing-function:ease-in-out;transition-timing-function:ease-in-out}.navigation__toggle--main .svg-line-v--center{-webkit-transition-delay:0s;transition-delay:0s}.navigation__toggle--main .svg-line-v--edge{-webkit-transition-delay:.2s,.2s;transition-delay:.2s,.2s}.navigation__toggle--main.active .svg-line-v--edge{stroke-width:0!important;-webkit-transition-delay:0s,.2s;transition-delay:0s,.2s}.navigation__toggle--main.active .svg-line-v--top{-webkit-transform:translateY(14px);transform:translateY(14px)}.navigation__toggle--main.active .svg-line-v--bottom{-webkit-transform:translateY(-14px);transform:translateY(-14px)}.navigation__toggle--main.active .svg-line-v--center{-webkit-transition-delay:.2s;transition-delay:.2s}.navigation__toggle--main.active .svg-line-v--center-1{-webkit-transform:rotate(45deg);transform:rotate(45deg)}.navigation__toggle--main.active .svg-line-v--center-2{-webkit-transform:rotate(-45deg);transform:rotate(-45deg)}.navigation__toggle--sub{height:1.0625rem;margin-left:.3125rem;padding:.125rem;width:1.0625rem}@media(min-width:75rem){.navigation__toggle--sub.active svg{-webkit-transform:rotate(45deg);transform:rotate(45deg)}}@media(max-width:74.9375rem){.navigation__toggle--sub.active .svg-line-v{display:none}.navigation.open{height:100%}.navigation.open .navigation__menu-main{margin-bottom:2.5rem}}.navigation__top{background-color:#fff}.navigation__top .navigation__wrapper{height:2.625rem}@media(max-width:74.9375rem){.navigation__top .navigation__wrapper{-webkit-box-align:center;-ms-flex-align:center;-webkit-box-pack:justify;-ms-flex-pack:justify;align-items:center;display:-webkit-box;display:-ms-flexbox;display:flex;justify-content:space-between;padding-left:1.5625rem;padding-right:1.5625rem}}@media(min-width:48rem){.navigation__top .navigation__wrapper{height:3.75rem}}@media(min-width:75rem){.navigation__top .navigation__wrapper{-webkit-box-pack:justify;-ms-flex-pack:justify;display:-webkit-box;display:-ms-flexbox;display:flex;height:4.375rem;justify-content:space-between;padding-bottom:1.25rem;padding-top:1.25rem}}.navigation{background-color:#fff;-webkit-box-shadow:0 1px 4px 0 rgba(0,0,0,.17);box-shadow:0 1px 4px 0 rgba(0,0,0,.17);left:0;margin-left:auto;margin-right:auto;max-width:100rem;position:fixed;right:0;top:0;width:100%;z-index:1020}@media(max-width:74.9375rem){.navigation{-webkit-box-orient:vertical;-webkit-box-direction:normal;display:-webkit-box;display:-ms-flexbox;display:flex;-ms-flex-direction:column;flex-direction:column}}@media(min-width:75rem){.navigation{-webkit-box-shadow:0 1px 4px 0 rgba(0,0,0,.17);box-shadow:0 1px 4px 0 rgba(0,0,0,.17)}}.navigation__container-fluid{width:100%}@media(min-width:75rem){.navigation__container-fluid{margin-left:auto;margin-right:auto;padding-left:4rem;padding-right:4rem;width:100%}.navigation__container{margin-left:auto;margin-right:auto;max-width:82rem;width:100%}}.navigation__wrapper{margin:0 auto;position:relative}.navigation__logo{display:inline-block}.navigation__logo-image{height:auto;max-width:10.3125rem;width:100%}@media(min-width:48rem){.navigation__logo-image{max-width:12.5rem}}@media(min-width:75rem){.navigation__logo-image{max-width:17.1875rem}}.navigation--edit{position:relative}@media (-ms-high-contrast:none),screen and (-ms-high-contrast:active){.navigation .collapsing{-webkit-transition:none;transition:none}}.navigation-spacer{-webkit-box-flex:1;-ms-flex:1 0 auto;flex:1 0 auto;height:106px}.navigation-spacer--edit{display:none}.aem-AuthorLayer-Edit .experiencefragment-navigation{margin-left:-2rem;margin-right:-2rem}@media(min-width:30rem)and (max-width:82rem){.aem-AuthorLayer-Edit .experiencefragment-navigation{margin-left:-4rem;margin-right:-4rem}}@media(max-width:74.9375rem){.aem-AuthorLayer-Edit .experiencefragment-navigation .navigation__utility--top{display:none}}.aem-AuthorLayer-Edit body.page{padding-top:0}.aem-AuthorLayer-Edit .navigation{position:relative}.navigation__utility .utility-nav li{list-style:none}.navigation__utility .utility-nav li a{color:#000;display:block;font-size:.875rem;line-height:1}.navigation__utility .utility-nav li.active,.navigation__utility .utility-nav li:hover{color:#000;text-decoration:underline}.navigation__utility--top{-ms-flex-item-align:end;-webkit-box-flex:1;-ms-flex-positive:1;align-self:flex-end;display:none;flex-grow:1;margin:0 .3125rem 0 3.75rem}@media(min-width:75rem){.navigation__utility--top{display:block}}.navigation__utility--top .utility-nav{-webkit-box-pack:justify;-ms-flex-pack:justify;display:-webkit-box;display:-ms-flexbox;display:flex;justify-content:space-between}.navigation__utility--top .utility-nav-left{margin-right:auto}.navigation__utility--top .utility-nav-left li{margin-right:2.5rem}.navigation__utility--top .utility-nav-right{margin-left:auto}.navigation__utility--top .utility-nav-right li{margin-left:2.5rem}.navigation__utility--bottom{background:#f5f5f5;padding-bottom:.625rem}@media(min-width:75rem){.navigation__utility--bottom{display:none}}.navigation__utility--bottom .utility-nav li{padding:.9375rem 1.5625rem}.notification-strip{background-color:#012169;color:#fff;font-family:Connections,Arial,Verdana,Helvetica,sans-serif;padding:.875rem 0;width:100%}@media(min-width:48rem){.notification-strip{padding:.5rem 0}}.notification-strip__wrapper{padding-left:1.5625rem;padding-right:1.5625rem}@media(min-width:75rem){.notification-strip__wrapper{padding-left:4rem;padding-right:4rem}}.notification-strip__content{font-size:.75rem}@media(min-width:48rem){.notification-strip__content{font-size:1.125rem}}.notification-strip__content *{color:inherit;font-size:inherit;line-height:inherit}.notification-strip__content * a{font-size:inherit;line-height:inherit;margin-left:.3125rem;text-decoration:underline}.aem-AuthorLayer-Edit .notification-strip{margin:0;position:relative;top:0} </style> <link rel="stylesheet" href="/etc.clientlibs/institute/clientlibs/clientlib-base.min.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/unity/core/clientlibs/clientlib-global.min.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/unity/core/clientlibs/clientlib-typography.min.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/unity/core/clientlibs/clientlib-components.min.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/institute/clientlibs/clientlib-dependencies.min.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/institute/clientlibs/clientlib-site.min.css" type="text/css"> <script src="/etc.clientlibs/institute/clientlibs/clientlib-analytics.min.js"></script> <script defer src="/etc.clientlibs/unity/core/clientlibs/clientlib-components.min.js"></script> <script defer src="/etc.clientlibs/institute/clientlibs/clientlib-dependencies.min.js"></script> <link rel="shortcut icon" 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institute-navigation--internal-page js-navigation "> <div class="institute-navigation__utility institute-navigation__utility--top"> <div class="navigation__utility js-hub-navigation-utility "> <nav class="hub-utility-nav hub-container" role="navigation" aria-label="utility" data-action="institute-navigation-utility-component" data-component="institute-navigation"> <ul class="hub-utility-nav__links-l1 hub-utility-nav-right"> <li class="hub-utility-nav__links js-hub-utility-nav-links"> <a class="utility-nav__link js-utility-nav-link t-track-nav-utility-link " data-bactmln="Nav-_-Utility-_-bankofamerica-com_https://www.bankofamerica.com/" href="https://www.bankofamerica.com/">BankofAmerica.com</a> </li> <li class="hub-utility-nav__links js-hub-utility-nav-links"> <a class="utility-nav__link js-utility-nav-link t-track-nav-utility-link " data-bactmln="Nav-_-Utility-_-about-bank-of-america_https://about.bankofamerica.com/en" href="https://about.bankofamerica.com/en">About Bank of 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data-bactmln="Tile-_-Hyperlink-_-raising-the-bar-or-last-call?_[position]_/economic-insights/consumer-morsel-drinking-trends.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-morsel-drinking-trends/WEB-01-25-2572-tile-640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2025</div> <h4 class="tile__headline header--h4 header--default-color "> Raising the bar or last call? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Inspired by social media trends or pressured by rising prices elsewhere consumers, especially Gen Z, cut back on alcohol.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/consumer-checkpoint-february-2025.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-some-chills,-but-no-shadows_[position]_/economic-insights/consumer-checkpoint-february-2025.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-february-2025/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2025</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Some chills, but no shadows </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>The financial health of consumers looks solid, though rising auto payments may be a risk if the economy deteriorates.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="aem-wrap--tile-container"> <div class="tile-container tile-container--content tile-container--col-3 " data-action="tile-container-component" data-props-show-more data-props-initial-load-count="3" data-props-show-items-count="6"> <div class="container"> <div class="tiles row page-tiles "> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/sector-morsel-sports.html" data-bactmln="Tile-_-Hyperlink-_-sports:-more-than-just-a-game_[position]_/economic-insights/sector-morsel-sports.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/sector-morsel-sports/WEB-12-24-0132-tile-640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2025</div> <h4 class="tile__headline header--h4 header--default-color "> Sports: More than just a game </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>As more revenue streams come to fruition and as demographic engagement changes, the sports industry is adapting and growing.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/on-the-move-q4-2024.html" data-bactmln="Tile-_-Hyperlink-_-on-the-move:-the-rising-tide-of-rent-payments_[position]_/economic-insights/on-the-move-q4-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/on-the-move-q4-2024/WEB-01-25-2551_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2025 </div> <h4 class="tile__headline header--h4 header--default-color "> On the move: The rising tide of rent payments </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>The zip codes with the lowest rents are seeing the fastest increases, especially in the South and West.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/luxury-spending.html" data-bactmln="Tile-_-Hyperlink-_-luxury-is-back-in-fashion?_[position]_/economic-insights/luxury-spending.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/luxury-spending/WEB-12-24-0130_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">january 2025</div> <h4 class="tile__headline header--h4 header--default-color "> Luxury is back in fashion? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Luxury spending’s decline over the past two years could be reversing, with notable growth in high-end hotels and shopping abroad.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-self-care-preferences.html" data-bactmln="Tile-_-Hyperlink-_-theres-strength-in-beauty_[position]_/economic-insights/consumer-self-care-preferences.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-self-care-preferences/WEB-01-25-2173-tile-640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">january 2025</div> <h4 class="tile__headline header--h4 header--default-color "> There’s strength in beauty </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Are shifting consumer preferences re-shaping what self-care looks like?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/womens-financial-position.html" data-bactmln="Tile-_-Hyperlink-_-whats-the-power-of-a-womans-wallet?_[position]_/economic-insights/womens-financial-position.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/womens-financial-position/WEB-01-25-2067_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">january 2025</div> <h4 class="tile__headline header--h4 header--default-color "> What’s the power of a woman’s wallet? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Women’s job growth has been rising faster than overall employment over the last two years, helping drive wage and spending growth.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-january-2025.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-starting-the-new-year-strong_[position]_/economic-insights/small-business-checkpoint-january-2025.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-january-2025/WEB-12-24-0211_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">january 2025</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: Starting the new year strong </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>With hiring 20% above 2019 levels and payrolls rising, especially in services, there are signs of small business growth ahead.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/consumer-checkpoint-january-2025.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-resolute-in-the-new-year?_[position]_/economic-insights/consumer-checkpoint-january-2025.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-january-2025/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">january 2025</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Resolute in the new year? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Will rising confidence and solid wage growth mean consumers will kick off the new year with momentum?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/2024-year-in-review.html" data-bactmln="Tile-_-Hyperlink-_-recapping-2024:-key-insights-and-faqs_[position]_/economic-insights/2024-year-in-review.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/2024-year-in-review/WEB-11-24-0150_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">december 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Recapping 2024: Key insights and FAQs </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>As this year comes to a close, we look back at the economic themes and trends that shaped 2024.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-december-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-end-of-year-countdown_[position]_/economic-insights/small-business-checkpoint-december-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-december-2024/WEB-11-24-0066_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">december 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: End of year countdown </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Small businesses appear to be ending 2024 on a good note; we highlight four themes to watch as we head into the new year.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-december-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-no-turkeys-and-some-fizz_[position]_/economic-insights/consumer-checkpoint-december-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-december-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">december 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: No turkeys and some fizz </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Consumers’ resilient momentum continued as the holiday season kicked off, but will it continue to pop in the new year?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/regional-morsel-renaissance-out-west.html" data-bactmln="Tile-_-Hyperlink-_-regional-roundup:-renaissance-out-west?_[position]_/economic-insights/regional-morsel-renaissance-out-west.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/regional-morsel-renaissance-out-west/WEB-11-24-0135_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">december 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Regional Roundup: Renaissance out West? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Wage and spending growth in the West outpaced other regions this year, but decreasing rental affordability is a growing issue.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/young-professionals-spending-analysis.html" data-bactmln="Tile-_-Hyperlink-_-are-young-professionals-spending-more?_[position]_/economic-insights/young-professionals-spending-analysis.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/young-professionals-spending-analysis/WEB-11-24-0057_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">december 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Are young professionals spending more? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>A rise in the spending growth of higher-income households may partially reflect the momentum and outlook of younger generations.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/middle-income-millennial-thrifty.html" data-bactmln="Tile-_-Hyperlink-_-middle-income,-millennial,-and-thrifty_[position]_/economic-insights/middle-income-millennial-thrifty.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/middle-income-millennial-thrifty/WEB-11-24-0149_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">november 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Middle-income, Millennial, and thrifty </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Over the past two years, Millennials and middle-income consumers have been prioritizing bargains as they deal with rising costs.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-november-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-tis-the-season-of-labor_[position]_/economic-insights/small-business-checkpoint-november-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-november-2024/WEB-11-24-0065_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">november 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: ‘Tis the season of labor </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Holiday hiring looks tempered as overall job growth slows, but strong labor productivity is a bright spot for economic health.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/gig-workers-spending-power.html" data-bactmln="Tile-_-Hyperlink-_-does-a-little-bit-of-gig-go-a-long-way?_[position]_/economic-insights/gig-workers-spending-power.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/gig-workers-spending-power/WEB-10-24-0259_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">november 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Does a little bit of gig go a long way? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Earnings from gig work tend to be modest, yet still provide a meaningful lift to gig workers’ spending power.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-november-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-holiday-spending-unwrapped_[position]_/economic-insights/consumer-checkpoint-november-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-november-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">november 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Holiday spending unwrapped </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Are consumers ready for the holidays?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/older-generations-spending-growth-easing.html" data-bactmln="Tile-_-Hyperlink-_-is-the-silver-streak-still-on-track?_[position]_/economic-insights/older-generations-spending-growth-easing.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/older-generations-spending-growth-easing/WEB-10-24-0142_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">october 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Is the silver streak still on track? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Older generations’ spending growth appears to be easing as retiree income slows.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/on-the-move-q3-2024.html" data-bactmln="Tile-_-Hyperlink-_-on-the-move:-consumers-bent-on-lower-rent_[position]_/economic-insights/on-the-move-q3-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " src="/content/dam/bank-of-america-institute/on-the-move-q3-2024/WEB-10-24-0245_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">october 2024</div> <h4 class="tile__headline header--h4 header--default-color "> On the move: Consumers bent on lower rent </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>As rents rise, are consumers choosing to pack their bags rather than pay more?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/women-labor-gains-childcare-costs.html" data-bactmln="Tile-_-Hyperlink-_-labor-pains-or-labor-gains?_[position]_/economic-insights/women-labor-gains-childcare-costs.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/women-labor-gains-childcare-costs/WEB-08-24-0091-tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">october 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Labor pains or labor gains? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Though women have predominantly driven job growth over the past few years, pay disparity and childcare costs can impede progress.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/paycheck-to-paycheck-lower-income-households.html" data-bactmln="Tile-_-Hyperlink-_-paycheck-to-paycheck:-what,-who,-where-and-why?_[position]_/economic-insights/paycheck-to-paycheck-lower-income-households.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/paycheck-to-paycheck-lower-income-households/WEB-08-24-0103_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">october 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Paycheck to paycheck: What, who, where and why? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Lower-income households and older generations appear to have higher shares of those living paycheck to paycheck.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/small-business-checkpoint-october-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-lower-rates,-better-business_[position]_/economic-insights/small-business-checkpoint-october-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-october-2024/WEB-09-24-0162_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">october 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: Lower rates, better business </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>As credit availability improves, access to loan financing may increase, easing small business credit card pressures.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-october-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-will-home-equity-make-spending-more-durable?_[position]_/economic-insights/consumer-checkpoint-october-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-october-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">october 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Will home equity make spending more durable? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Wage growth and home equity offer support to consumer spending, though there is less demand for higher-priced durable goods.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/women-and-minority-business-owner-spotlight.html" data-bactmln="Tile-_-Hyperlink-_-women-and-minority-business-owner-spotlight_[position]_/economic-insights/women-and-minority-business-owner-spotlight.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/women-and-minority-business-owner-spotlight/WEB-10-24-0063-tile-640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">october 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Women and Minority Business Owner Spotlight </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>This year’s study explores the sentiments of small and mid-sized business owners, spotlighting women and minority business owners.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/online-spending-creating-new-holiday-hotspots.html" data-bactmln="Tile-_-Hyperlink-_-is-online-spending-creating-new-holiday-hotspots?_[position]_/economic-insights/online-spending-creating-new-holiday-hotspots.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/online-spending-creating-new-holiday-hotspots/WEB-09-24-0172_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">october 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Is online spending creating new holiday hotspots? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Online spending is continuing to rise, driving an earlier holiday shopping season and pressuring some malls.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/regional-morsel-reshoring-in-south-and-midwest.html" data-bactmln="Tile-_-Hyperlink-_-regional-morsel:-reshoring-grows-roots-in-the-south-and-midwest_[position]_/economic-insights/regional-morsel-reshoring-in-south-and-midwest.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/regional-morsel-reshoring-in-south-and-midwest/WEB-09-24-0165-tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">october 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Regional Morsel: Reshoring grows roots in the South and Midwest </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>As reshoring activity increases, we find small businesses in the South and Midwest are notable beneficiaries.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/gen-x-economy.html" data-bactmln="Tile-_-Hyperlink-_-gen-x:-the-economys-struggling-middle-child?_[position]_/economic-insights/gen-x-economy.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/gen-x-economy/WEB-08-24-0514_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">september 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Gen X: The economy’s struggling middle child? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>As retirement savings increase, discretionary spending has decreased, and caring for relatives is an additional burden for some.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-september-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-a-labor-market-balancing-act_[position]_/economic-insights/small-business-checkpoint-september-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-september-2024/WEB-09-24-0141_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">september 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: A labor market balancing act </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Hiring demand is slowing modestly, but payroll growth remains positive with two areas of notable strength: services and the South.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/consumer-morsel-auto-loan-caution.html" data-bactmln="Tile-_-Hyperlink-_-caution-on-the-road-ahead_[position]_/economic-insights/consumer-morsel-auto-loan-caution.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-morsel-auto-loan-caution/WEB-09-24-0136_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">september 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Caution on the road ahead </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Some U.S. households have seen increasingly large auto loan repayments – is it enough to let off the gas?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-september-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-tapping-the-brakes?_[position]_/economic-insights/consumer-checkpoint-september-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-september-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">september 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Tapping the brakes? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Strength in wages is supporting consumer spending and cushioning rising costs of auto loans. Plus, housing costs are easing.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/travel-abroad-spending-ytd-2024.html" data-bactmln="Tile-_-Hyperlink-_-travel-abroad:-taking-off-or-landing?_[position]_/economic-insights/travel-abroad-spending-ytd-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/travel-abroad-spending-ytd-2024/WEB-08-24-0144_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">august 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Travel abroad: Taking off or landing? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Travel spending is slowing, but consumers are still taking vacations – especially abroad.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/streaming-season-2.html" data-bactmln="Tile-_-Hyperlink-_-streaming:-season-2_[position]_/economic-insights/streaming-season-2.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/economic-insights/streaming-season-2/WEB-08-24-0335_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">august 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Streaming: Season 2 </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Households are tightening their belts and looking for value. Are you still watching?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-apparel-trading-down.html" data-bactmln="Tile-_-Hyperlink-_-consumer-apparel:-trading-down-is-the-new-dressing-up_[position]_/economic-insights/consumer-apparel-trading-down.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-apparel-trading-down/WEB-08-24-0092_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">august 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer apparel: Trading down is the new dressing up </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Rising costs and a preference for experiences has younger and lower-income consumers seeking value on the clothing rack.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/small-business-checkpoint-august-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-inflation-continues-to-raise-rent_[position]_/economic-insights/small-business-checkpoint-august-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-august-2024/WEB-08-24-0043_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">august 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: Inflation continues to raise rent </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Rental pressures are growing for retailers, especially in the South, but also for small businesses with lower revenues.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-august-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-facing-hurdles-or-the-high-jump?_[position]_/economic-insights/consumer-checkpoint-august-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-august-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">august 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Facing hurdles or the high jump? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Spending momentum has slowed and consumers are more price sensitive, but elevated deposits and positive wage growth offer support.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/on-the-move-q2-2024.html" data-bactmln="Tile-_-Hyperlink-_-on-the-move:-hidden-costs-and-slowing-spending_[position]_/economic-insights/on-the-move-q2-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/on-the-move-q2-2024/WEB-07-24-0172_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">august 2024</div> <h4 class="tile__headline header--h4 header--default-color "> On the move: Hidden costs and slowing spending </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>A rise in hidden costs of homeownership, like property insurance and property taxes, are impacting moves and related spending.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/restaurants-quantity-the-new-quality.html" data-bactmln="Tile-_-Hyperlink-_-restaurants:-quantity-is-the-new-quality_[position]_/economic-insights/restaurants-quantity-the-new-quality.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/restaurants-quantity-the-new-quality/WEB-07-24-0170_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">july 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Restaurants: Quantity is the new quality </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Consumers are starting to trade down to value restaurants as they face rising costs and increased financial obligations.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/small-business-checkpoint-july-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-having-fun-is-serious-business_[position]_/economic-insights/small-business-checkpoint-july-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-july-2024/WEB-07-24-0125_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">july 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: Having fun is serious business </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Service-based small businesses’ profits are higher than both the 2019 average and overall trend, though payroll growth is slowing.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/consumer-checkpoint-july-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-getaways-and-giveaways_[position]_/economic-insights/consumer-checkpoint-july-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-july-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">july 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Getaways and giveaways </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Services spending kept rising in June – both at home and abroad. Is rising financial wealth leading to firmer spending growth?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/powering-the-revolution.html" data-bactmln="Tile-_-Hyperlink-_-powering-the-revolution_[position]_/economic-insights/powering-the-revolution.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/powering-the-revolution/WEB-06-24-0259_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">july 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Powering the revolution </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Demand for electricity from AI and onshoring is rising fast. Will this be a headwind to further falls in consumers’ utility bills?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/the-great-hesitation-labor-market.html" data-bactmln="Tile-_-Hyperlink-_-the-great-hesitation:-job-changers-start-staying-put?_[position]_/economic-insights/the-great-hesitation-labor-market.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/the-great-hesitation-labor-market/WEB-06-24-0182_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">june 2024</div> <h4 class="tile__headline header--h4 header--default-color "> The Great Hesitation: Job changers start staying put? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Amidst the strong labor market, job-to-job moves have moderated and the pay raises for moving jobs have dropped.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/regional-roundup-west-take-flight.html" data-bactmln="Tile-_-Hyperlink-_-regional-roundup:-will-the-west-take-flight?_[position]_/economic-insights/regional-roundup-west-take-flight.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/regional-roundup-west-take-flight/WEB-06-24-0274-tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">june 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Regional Roundup: Will the West take flight? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Wage and spending are strong in the West, likely boosted by AI investment and tourism, but headwinds may weigh on future growth. </p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-june-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-rent-pains-and-payroll-relief_[position]_/economic-insights/small-business-checkpoint-june-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-june-2024/WEB-06-24-0180_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">june 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: Rent pains and payroll relief </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Although wage inflation and payroll costs have eased, rising rent, especially in the West, puts pressure on small businesses.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/2024-study-of-wealthy-americans.html" data-bactmln="Tile-_-Hyperlink-_-2024-study-of-wealthy-americans_[position]_/economic-insights/2024-study-of-wealthy-americans.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/2024-study-of-wealthy-americans/WEB-06-24-0162_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">june 2024</div> <h4 class="tile__headline header--h4 header--default-color "> 2024 Study of Wealthy Americans </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>This year’s study finds a generational divide in investing, giving and preserving wealth.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-june-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-the-kids-are-alright-for-now_[position]_/economic-insights/consumer-checkpoint-june-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-june-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">june 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: The kids are alright (for now) </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Gen Z and Millennial spending is boosted by labor market strength, but slowing discretionary spending could suggest pressure.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-morsel-groceries-value-shop.html" data-bactmln="Tile-_-Hyperlink-_-value-shop-til-you-drop_[position]_/economic-insights/consumer-morsel-groceries-value-shop.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-morsel-groceries-value-shop/WEB-05-24-0380_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">june 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Value shop ‘til you drop </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Younger consumers are trading down to value grocers to offset more life-stage expenses and the rising costs of housing and autos.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/auto-affordability.html" data-bactmln="Tile-_-Hyperlink-_-auto-affordability:-an-uphill-drive_[position]_/economic-insights/auto-affordability.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/auto-affordability/WEB-05-24-0377_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">may 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Auto affordability: An uphill drive </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Falling sticker prices are increasingly attractive to consumers, but rising total costs of ownership may be offsetting the appeal.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/travel-trends-summer-2024.html" data-bactmln="Tile-_-Hyperlink-_-travel-trends-to-watch-for-in-summer-24_[position]_/economic-insights/travel-trends-summer-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/travel-trends-summer-2024/WEB-05-24-0227_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">may 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Travel trends to watch for in summer ‘24 </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>From domestic tourism to cruising, there is considerable strength in travel spending with summer travel plans taking flight.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-may-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-the-costs-of-doing-business_[position]_/economic-insights/small-business-checkpoint-may-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-may-2024/WEB-05-24-0145_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">may 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: The costs of doing business </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Loan payments and services inflation are driving up operational costs, though optimism around future revenue expectations remains.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/on-the-move-q1-2024.html" data-bactmln="Tile-_-Hyperlink-_-on-the-move:-homebuyer-insights-and-the-housing-challenge_[position]_/economic-insights/on-the-move-q1-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/on-the-move-q1-2024/WEB-05-24-0144_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">may 2024</div> <h4 class="tile__headline header--h4 header--default-color "> On the move: Homebuyer insights and the housing challenge </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Has housing supply responded to population shifts across the U.S., especially in regions with an influx of younger generations?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-may-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-april-flowers,-not-showers_[position]_/economic-insights/consumer-checkpoint-may-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-may-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">may 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: April flowers, not showers </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Consumer spending and wage momentum continues, especially for lower-income cohorts, but property insurance costs pose risks.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/buy-now-pay-later.html" data-bactmln="Tile-_-Hyperlink-_-buy-now,-pay-later:-spreading-the-payn?_[position]_/economic-insights/buy-now-pay-later.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/buy-now-pay-later/WEB-04-24-0435_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">may 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Buy now, pay later: Spreading the pay(n)? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>BNPL (buy now, pay later) momentum is losing steam, but there is some increase in the share of heavy users.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/2024-business-owner-report.html" data-bactmln="Tile-_-Hyperlink-_-2024-business-owner-report_[position]_/economic-insights/2024-business-owner-report.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/2024-business-owner-report/WEB-04-24-0469_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">may 2024</div> <h4 class="tile__headline header--h4 header--default-color "> 2024 Business Owner Report </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>This year’s survey explores the perspectives, aspirations and outlooks of small and mid-sized business owners across the U.S.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-morsel-gig-economy-is-up.html" data-bactmln="Tile-_-Hyperlink-_-consumer-morsel:-the-gig-is-up-in-a-good-way_[position]_/economic-insights/consumer-morsel-gig-economy-is-up.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-morsel-gig-economy-is-up/WEB-04-24-0133_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">april 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Morsel: The gig is up – in a good way </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Gig work has recovered since last year, driven by ridesharing, with a notable increase in full time gig workers.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-april-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-dealing-with-inflation_[position]_/economic-insights/small-business-checkpoint-april-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-april-2024/WEB-04-24-0229_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">april 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: Dealing with inflation </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>As inflationary pressures remain, our data suggests small businesses have turned to credit cards as a source of financing.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-morsel-younger-generations.html" data-bactmln="Tile-_-Hyperlink-_-consumer-morsel:-when-we-were-young_[position]_/economic-insights/consumer-morsel-younger-generations.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-morsel-younger-generations/WEB-04-24-0329_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">april 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Morsel: When we were young </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Growing up is expensive. Housing, cars, childcare and more are weighing on the young, but not at the expense of a rainy day fund.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/sector-morsel-healthcare-hiring.html" data-bactmln="Tile-_-Hyperlink-_-sector-morsel:-tough-hiring-tests-healthcares-patients_[position]_/economic-insights/sector-morsel-healthcare-hiring.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/sector-morsel-healthcare-hiring/WEB-03-24-0521_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">april 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Sector Morsel: Tough hiring tests healthcare’s patients </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Healthcare employment is below trend but easing small business spending on contract labor suggests less hiring pressure.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-april-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-early-easter-and-hopped-up-refunds_[position]_/economic-insights/consumer-checkpoint-april-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-april-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">april 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Early Easter and hopped-up refunds </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Spending softened in March, but continued wage growth, tax refunds, and easing rent inflation should support consumer momentum.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/regional-morsel-midwestern-progress.html" data-bactmln="Tile-_-Hyperlink-_-regional-morsel:-midwestern-progress?_[position]_/economic-insights/regional-morsel-midwestern-progress.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/regional-morsel-midwestern-progress/WEB-03-24-0414_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">april 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Regional Morsel: Midwestern progress? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>While the Midwest’s GDP has lagged other regions, our data suggests a recent uptick supported by a solid labor market.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/working-towards-womans-world.html" data-bactmln="Tile-_-Hyperlink-_-working-towards-a-womans-world_[position]_/economic-insights/working-towards-womans-world.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/working-towards-womans-world/WEB-03-24-0413-tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">march 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Working towards a woman’s world </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Women are driving labor market growth, and we find evidence of a narrowing gender pay gap.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-march-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-signs-of-a-normalizing-labor-market_[position]_/economic-insights/small-business-checkpoint-march-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-march-2024/WEB-03-24-0331-tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">march 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: Signs of a normalizing labor market </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>After a surge in employment growth in 2023, our data suggests small business hiring has come off its peak.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-march-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-no-underlying-leaps-in-february_[position]_/economic-insights/consumer-checkpoint-march-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-march-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">march 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: No underlying leaps in February </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Consumer spending momentum is soft but stable, though there are signs lower-income households’ spending growth is slowing.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumers-streaming-spending.html" data-bactmln="Tile-_-Hyperlink-_-consumers-binge-on-streaming-spending_[position]_/economic-insights/consumers-streaming-spending.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumers-streaming-spending/WEB-02-24-0292-tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2024 </div> <h4 class="tile__headline header--h4 header--default-color "> Consumers binge on streaming spending </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Since 2021, spending on streaming services has risen 70% and the share of households paying over $100/month has more than doubled.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/high-childcare-costs-threaten-womens-progress.html" data-bactmln="Tile-_-Hyperlink-_-high-childcare-costs-threaten-womens-progress_[position]_/economic-insights/high-childcare-costs-threaten-womens-progress.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/high-childcare-costs-threaten-womens-progress/WEB-02-24-0291_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2024 </div> <h4 class="tile__headline header--h4 header--default-color "> High childcare costs threaten women’s progress </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Do rising childcare costs continue to pose a risk to post-pandemic gains in female employment?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/taking-stock-of-retail-inventories.html" data-bactmln="Tile-_-Hyperlink-_-taking-stock-of-retail-inventories_[position]_/economic-insights/taking-stock-of-retail-inventories.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/taking-stock-of-retail-inventories/WEB-02-24-0288_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2024 </div> <h4 class="tile__headline header--h4 header--default-color "> Taking stock of retail inventories </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>After a boom in goods demand followed by a swing to services, where do retail inventories stand at the start of 2024?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-february-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-striking-a-balance-on-credit_[position]_/economic-insights/small-business-checkpoint-february-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-february-2024/WEB-02-24-0042_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: Striking a balance on credit </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Although small business credit card balances are rising, elevated deposit levels provide support.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-february-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-amidst-the-freeze,-is-confidence-thawing?_[position]_/economic-insights/consumer-checkpoint-february-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-february-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Amidst the freeze, is confidence thawing? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Though winter weather softened spending in January, consumers’ sentiment is on the rise and their financial health remains strong.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/on-the-move-west-side-story.html" data-bactmln="Tile-_-Hyperlink-_-on-the-move:-west-side-story_[position]_/economic-insights/on-the-move-west-side-story.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/on-the-move-west-side-story/WEB-01-24-2424_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2024</div> <h4 class="tile__headline header--h4 header--default-color "> On the move: West side story </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>The West’s high-income and single-household populations are moving out. But why?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/content/dam/bank-of-america-institute/economic-insights/spendscape-decoding-2023-spending-frontiers.pdf" data-bactmln="Tile-_-Hyperlink-_-spendscape:-decoding-2023s-spending-frontiers-and-the-road-ahead_[position]_/content/dam/bank-of-america-institute/economic-insights/spendscape-decoding-2023-spending-frontiers.pdf"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/spendscape-decoding-2023-spending-frontiers/WEB-01-24-2616_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">february 2024 </div> <h4 class="tile__headline header--h4 header--default-color "> Spendscape: Decoding 2023’s spending frontiers and the road ahead </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>What was in, what was out, and what’s in store for 2024.</p> </div> <div class="tile__metadata "> <span class="icon-communication-pdf" aria-hidden="true"></span> <div class="tile__metadata-text">PDF</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-morsel-during-live-events.html" data-bactmln="Tile-_-Hyperlink-_-consumer-morsel:-sparks-fly-on-local-spending-during-live-events_[position]_/economic-insights/consumer-morsel-during-live-events.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-morsel-during-live-events/WEB-01-24-2423_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">january 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Morsel: Sparks fly on local spending during live events </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Live events, such as the Super Bowl, stadium concerts and marathons, boost consumer spending in host cities.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/ev-transition-out-of-charge.html" data-bactmln="Tile-_-Hyperlink-_-is-the-ev-transition-running-out-of-charge?_[position]_/economic-insights/ev-transition-out-of-charge.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/ev-transition-out-of-charge/WEB-01-24-2159_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">january 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Is the EV transition running out of charge? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>As auto sales strengthen, sales of electric vehicles remain fairly soft; can hybrids bridge the gap?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-january-2024.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-in-good-shape-and-handling-hurdles_[position]_/economic-insights/small-business-checkpoint-january-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-january-2024/WEB-01-24-2157_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">january 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: In good shape and handling hurdles </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Small businesses stayed steady despite headwinds in 2023, though high inflation could continue to pressure profits in 2024.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-january-2024.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-out-with-the-old,-in-with-the-new?_[position]_/economic-insights/consumer-checkpoint-january-2024.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-january-2024/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">january 2024</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Out with the old, in with the new? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Consumers remain resilient as wage gains support low- and middle-income households, though some plan to pull back in 2024.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/2023-year-in-review.html" data-bactmln="Tile-_-Hyperlink-_-lets-recap:-2023-at-a-glance_[position]_/economic-insights/2023-year-in-review.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/2023-year-in-review/WEB-12-22-0173_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">december 2023</div> <h4 class="tile__headline header--h4 header--default-color "> Let’s recap: 2023 at a glance </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>As the year comes to a close, we highlight some of the top economic themes and trends of 2023.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/small-business-checkpoint-december-2023.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint:-ending-2023-on-a-good-note-5-themes_[position]_/economic-insights/small-business-checkpoint-december-2023.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-december-2023/WEB-12-23-0142_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">december 2023</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint: Ending 2023 on a good note – 5 themes </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Small businesses appear to be ending 2023 on a good note, and we highlight five themes to watch as we head into the new year.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="/economic-insights/consumer-checkpoint-december-2023.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-happy-holidays?_[position]_/economic-insights/consumer-checkpoint-december-2023.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-december-2023/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">december 2023</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Happy holidays? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Holiday shopping and income growth supported consumer spending in November, with younger consumers more driven by promotions.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="https://institute.bankofamerica.com/economic-insights/consumer-checkpoint-november-2023.html" data-bactmln="Tile-_-Hyperlink-_-consumer-checkpoint:-another-month-of-moderation_[position]_https://institute.bankofamerica.com/economic-insights/consumer-checkpoint-november-2023.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/consumer-checkpoint-november-2023/Tiles_640x360_copy.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">november 2023</div> <h4 class="tile__headline header--h4 header--default-color "> Consumer Checkpoint: Another month of moderation </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Low- and high-income household spending growth converges, high-income wage growth ticks up, and deposits remain elevated.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/regional-morsel-southern-economy-trends.html" data-bactmln="Tile-_-Hyperlink-_-regional-morsel:-southern-comforts_[position]_/economic-insights/regional-morsel-southern-economy-trends.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/regional-morsel-southern-economy-trends/WEB-11-23-0482_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">december 2023</div> <h4 class="tile__headline header--h4 header--default-color "> Regional Morsel: Southern comforts </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>The South’s economy has been growing rapidly with consumer spending strong in the third quarter and optimism for next year.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/utility-bills-trend.html" data-bactmln="Tile-_-Hyperlink-_-utility-bills:-cooler-spell-in-2023-but-heating-up-longer-term_[position]_/economic-insights/utility-bills-trend.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/utility-bills-trend/WEB-11-23-0237_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">november 2023</div> <h4 class="tile__headline header--h4 header--default-color "> Utility bills: Cooler spell in 2023 but heating up longer term </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Utility payments have risen nearly 20% since 2018, weighing especially on lower-income consumers and those living in the South.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/broadening-labor-market-slowdown.html" data-bactmln="Tile-_-Hyperlink-_-signs-of-a-broadening-labor-market-slowdown?_[position]_/economic-insights/broadening-labor-market-slowdown.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/broadening-labor-market-slowdown/WEB-11-23-0196_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">november 2023</div> <h4 class="tile__headline header--h4 header--default-color "> Signs of a broadening labor market slowdown? </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>The labor market slowdown, while gradual, has broadened. Job moves are also slowing and pay raises for movers are sharply lower.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" target="_self" href="https://institute.bankofamerica.com/economic-insights/small-business-checkpoint-november-2023.html" data-bactmln="Tile-_-Hyperlink-_-small-business-checkpoint_[position]_https://institute.bankofamerica.com/economic-insights/small-business-checkpoint-november-2023.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/small-business-checkpoint-november-2023/WEB-11-23-0152_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">november 2023</div> <h4 class="tile__headline header--h4 header--default-color "> Small Business Checkpoint </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Why are small business card balances rising?</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link" href="/economic-insights/on-the-move.html" data-bactmln="Tile-_-Hyperlink-_-on-the-move:-new-city,-new-job,-new-pay_[position]_/economic-insights/on-the-move.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/bank-of-america-institute/on-the-move/WEB-10-23-0406_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <div class="tile__lead-in header--article-tile-eyebrow header--blue ">november 2023</div> <h4 class="tile__headline header--h4 header--default-color "> On the move: New city, new job, new pay </h4> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Boston and Portland are attracting workers with new job prospects while those moving to Seattle are seeing the biggest pay jump.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book" aria-hidden="true"></span> <div class="tile__metadata-text">2 min read</div> </div> </div> </div> </a> </div> </div> </div> <div class="container"> <div class="tile-container__show-more js-tile-container-show-more"> <div class="cta-container cta--left"> <button 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