New report shows Americans spent more money in 2020 than the previous year

A W. P. Carey supply chain expert says the increase in spending in 2020 is the result of various different economic trends, including the increase in home values, a relatively strong stock market, stimulus checks, and extended holiday sales.

A W. P. Carey supply chain expert says the increase in spending in 2020 is the result of various different economic trends, including the increase in home values, a relatively strong stock market, stimulus checks, and extended holiday sales.

In this story aired Jan. 21, 2021, on ABC 15 Arizona:

“If you go deeper into the numbers of retail sales, even though we are holding our head above water, there are a few interesting trends there.”

– Professor of Supply Chain Practice Hitendra Chaturvedi