Wealthy Americans' Spending Habits Continue to Drive US Economy Despite Inflation Concerns on Nostr: Older Americans Drive US Economy with 'Wealth Effect' Amidst Rising Home and Stock ...
Older Americans Drive US Economy with 'Wealth Effect' Amidst Rising Home and Stock Prices
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#3041f0f3 ver:0.29
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, indicating a potential economic slowdown. Factors like inflation, rising interest rates, and cooling wage growth are causing affluent consumers to tighten their wallets. This trend could have a broader impact on the economy, making it crucial to monitor consumer behavior during the holiday season. Older Americans, benefiting from stock and housing market gains, are driving economic growth with their increased spending. #WealthEffect #EconomicSlowdown #ConsumerSpending...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #Inflation #WealthEffect #OlderAmericans
https://here.news/story/3041f0f3?ver=0.29
===============
#3041f0f3 ver:0.29
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, indicating a potential economic slowdown. Factors like inflation, rising interest rates, and cooling wage growth are causing affluent consumers to tighten their wallets. This trend could have a broader impact on the economy, making it crucial to monitor consumer behavior during the holiday season. Older Americans, benefiting from stock and housing market gains, are driving economic growth with their increased spending. #WealthEffect #EconomicSlowdown #ConsumerSpending...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #Inflation #WealthEffect #OlderAmericans
https://here.news/story/3041f0f3?ver=0.29