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Older Americans Drive US Economy with 'Wealth Effect' Amidst Rising Home and Stock Prices
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#3041f0f3 ver:0.28

Wealthy Americans are scaling back on spending, potentially signaling the end of the post-COVID boom. Retailers catering to the upper middle class are experiencing declining sales, with factors like inflation and rising interest rates contributing to reduced spending. This trend could indicate trouble ahead for the US economy. #WealthySpending #EconomicSlowdown...

#newstr #UsEconomy #ConsumerSpending #WealthEffect #OlderAmericans #HomePrices #StockPrices #Inflation #FederalReserve

https://here.news/story/3041f0f3?ver=0.28