Word: consumerized
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In January 2008, the Gallup-Healthways Well-Being Index was launched. It was designed to work like a Dow Jones average of attitude. At least 1,000 people are surveyed daily, 350 days a year. (You can see how happy people are broken down by congressional district; Utah turns out...
Sure, we can always print online statements and turn them into paper ones. But very few of us actually do, according to consumer surveys by Forrester Research.
Furthermore, long-term growth is propelled by productivity gains, not by consumer spending. From this standpoint, the outlook for stocks is even more promising. Companies have rigorously cut costs and positioned themselves for a rapid rise in earnings once top-line growth resumes. Annualized productivity growth in the second and...
Big banks were less enthusiastic about changing the rules. In a year when the economy was slumping and consumer spending was way down, overdraft fees had become more profitable than traditional banking for half of America’s banks. After losing more than $300 million in the third quarter...
Following months of criticism from consumer advocacy groups, the Federal Reserve, which is the body in charge of regulating this sort of activity, finally got its act together and issued a new set of rules last Thursday restricting overdraft services to come into effect July 1. In case you missed...