Rise in Consumer Spending a Boon for These 3 Payment Stocks

Sticky inflation and dwindling pandemic savings couldn’t deter Americans from opening up their wallets. With jobs being added at a steady clip and wages improving, consumers went on a shopping spree in recent times.The Commerce Department stated that consumer outlays increased by 0.8% in February, its largest jump since January 2023. Consumer spending also increased a 0.2% in January, underlining the economy’s resilience.Additionally, sales at retail outlets rebounded in February after harsh winter weather ...