Retailers are facing the impacts of port congestion and shipping delays, as congestion at the country’s maritime ports continues to cause supply chain disruptions. In the economy, May retail sales fell from April, as demand for electronics, automobiles and building supplies softened. And in consumer finance, a slight majority of upper-income Americans are living paycheck to paycheck. All this, Today in Data.
$620B: Approximate sales at U.S. retail and food service businesses last month.
125M: Number of U.S. adults living paycheck to paycheck.
97%: Minimum share of polled retailers that have been impacted by port and shipping delays.
70%: Share of millennials who live paycheck to paycheck.
1.3%: Decline in May retail sales from April.