Consumer News: UPS Plans to Raise Shipping Costs, Consumer Confidence in October, and More
CNN – US consumers are starting to spend more money again, just in time for the most expensive holiday shopping season. The consumer confidence index rose 113.8 points in October, reversing a three-month downtrend. This is the highest level since July, when the index stood at 125.1 points. Nearly half of those polled say they intend to take a vacation in the next six months, the highest level of potential travelers since before the pandemic.
Some bad news as we head into those more expensive months, inflation is on the rise and companies in most industries are raising prices for just about everything. This includes shipping costs to UPS, but it will not affect your holiday deliveries yet. The company plans to raise prices next year, despite record profits. UPS announced this week that annual profit has reached nearly $ 3 billion, up more than 22% from last year, and makes 2021 the shipping giant’s best year, even before the holiday season does not begin.
ABC NEWS– A new consumer alert came out tonight, big holiday discounts may be hard to come by this season. ABC’s Becky Worley takes a look at some of the things you might not want to wait to buy.
If you thought air travel before the holiday season was hectic between unruly passengers and a canceled flight, some major airlines are now streamlining the passenger experience with brand new technology that could save you time. ABC’s Gio Benitez has the details.