Mastercard CEO says consumers' fears about the economy haven't affected their spending yet: 'They still want to make that trip' [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
"The consumer today is an empowered consumer that will still stick to what they want to do," he said. Consumer confidence has taken a hit amid economic uncertainty , but you wouldn't know it based on current consumer spending figures at one major credit card. Mastercard CEO Michael Miebach said spending hasn't noticeably changed yet in spite of growing anxieties about shifting tariffs, a possible recession , and the weakening dollar. "The consumer today is an empowered consumer that will still stick to what they want to do," Miebach said at Semafor's 2025 World Economy Summit on Wednesday. "They still want to make that trip." Miebach said that while "soft data" like headlines and consumer confidence studies would suggest a pullback in consumer spending , there is currently no evidence of that in the real-time spending information that Mastercard monitors. "The hard data is not reflecting yet where the consumer is," he said. In March, for example, Miebach noted there'd bee
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MA
Earnings
- 5/2/25 - Beat
MA
Sec Filings
- 5/15/25 - Form 4
- 5/12/25 - Form 4
- 5/12/25 - Form 144
- MA's page on the SEC website