MasterCard's Take on the U.S. Consumer

The video discusses the relationship between consumer confidence and payroll growth, highlighting that consumer confidence often leads payroll growth. It examines consumer spending patterns post-recession, noting a shift towards experiential spending. The impact of a strong US dollar on consumer spending, particularly in international travel, is analyzed. The video also explores the elevated savings rate and changes in spending habits, suggesting a potential permanent shift in consumer behavior. Finally, it provides insights into holiday season spending, indicating a positive start with growth in both physical and online retail sales.

What does consumer confidence typically lead to, according to the discussion?

• Lower interest rates

• Increased business investment

• Higher payroll growth

• Decreased consumer spending

Which sectors have shown strong consumer spending post-recession?

• Clothing and accessories

• Technology and electronics

• Automobiles and housing

• Airlines, lodging, and restaurants

How has the strong US dollar affected American consumer behavior?

• Decreased international travel

• Increased domestic travel

• Decreased domestic spending

• Increased international travel

What has remained relatively elevated post-recession, according to the discussion?

• Consumer debt levels

• Unemployment rate

• Savings rate

• Interest rates

What trend was observed in holiday spending compared to the previous year?

• A decrease in online sales

• A decrease in bricks and mortar sales

• An increase in both online and bricks and mortar sales

• No change in spending patterns