Sam Ro: U.S. card spending rose 5.2% year over year in late May

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U.S. household card spending rises 5.2%

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4 hours ago

Sam Ro: U.S. card spending rose 5.2% year over year in late May — U.S. household card spending rises 5.2%

Sam Ro reports that Bank of America data shows total credit and debit card spending per household in the U.S. increased by 5.2% year over year for the week ending May 30. Excluding gas purchases, card spending rose by 4.1% compared to the same period last year.

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Sam Ro has recently covered other notable financial moves. He reported that Barry Diller’s People Inc. is preparing an offer to buy MGM Resorts, valuing the casino giant at more than $18 billion. In a separate piece, Ro noted that financial literacy tests can measure practical decision-making through exercises like choosing the better lottery. These reports highlight ongoing developments tracked by the author.

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