Cleveland Fed: Which Consumers Will Open Their Wallets When the Pandemic Is Over?
April 13, 2021
April 13, 2021
CLEVELAND, Ohio, April 13 -- The Federal Reserve Bank of Cleveland issued the following news release:
A new Cleveland Fed report finds the potential for a strong rebound in spending on services in high-contact industries as vaccines are widely administered, especially among individuals in higher-income households. But older Americans' views on their post-pandemic plans are more pessimistic.
In the Commentary, "Expected Post-Pandemic Consumption and Scarred Expectat . . .
A new Cleveland Fed report finds the potential for a strong rebound in spending on services in high-contact industries as vaccines are widely administered, especially among individuals in higher-income households. But older Americans' views on their post-pandemic plans are more pessimistic.
In the Commentary, "Expected Post-Pandemic Consumption and Scarred Expectat . . .