Liz Everett-Crisburg

Liz Everett-Crisburg, a consumer analyst at the Bank of America Institute, reveals startling trends in consumer spending. She discusses how Americans are spending more but getting less, driven largely by inflation and rising prices. Liz emphasizes that many are compelled to spend out of necessity rather than desire, reflecting the impact of economic pressures on everyday life. Her insights highlight the complexities of modern consumer behavior and the challenging landscape of financial decision-making.

Liz Everett Crisburg, Head of the Bank of America Institute, provides quick economic analysis. She discusses a January jump in credit-card spending. She explains the rise was driven mainly by wealthier households. She also notes middle- and lower-income consumers pulled back in January.