Consumer spending is alive and well, inflation and economic recession worries or not. The January 2023 U.S. Census Bureau's consumer spending report showed retail sales were up 4.4% year over year, led by restaurants, sporting goods and hobby stores, and clothing. All of this bodes well for digital payment leaders Visa (NYSE: V), Mastercard (NYSE: MA), and PayPal Holdings (NASDAQ: PYPL). Read More...
Consumer spending is alive and well, inflation and economic recession worries or not. The January 2023 U.S. Census Bureau’s consumer spending report showed retail sales were up 4.4% year over year, led by restaurants, sporting goods and hobby stores, and clothing. All of this bodes well for digital payment leaders Visa (NYSE: V), Mastercard (NYSE: MA), and PayPal Holdings (NASDAQ: PYPL).
