Wealthy Americans' Spending Habits Continue to Drive US Economy Despite Inflation Concerns on Nostr: US Economy Faces Challenges as Consumer Spending Weakens =============== #3041f0f3 ...
US Economy Faces Challenges as Consumer Spending Weakens
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#3041f0f3 ver:0.46
The US economy faces challenges as consumer spending weakens, particularly among affluent Americans. Wealth gains in stocks, fixed income, home prices, and crypto have contributed to the economy's growth, but weakening sales at retailers catering to the upper middle class indicate potential trouble ahead. Factors such as high inflation, rising interest rates, and declining real incomes have led to reduced spending. Wealthy Americans are becoming more cautious, and there are signs of a slowdown in the economy's momentum. Real disposable incomes have risen only modestly, and households are relying on credit cards and financing. The US economy is coming off a strong pace set in 2023, and the Fed may cut interest rates. The economy has bifurcated into the 'haves and have-nots,' with middle-class Americans struggling. The recovery is seen as a two-pronged, K-shaped economy, making it difficult for the Fed to take crucial steps. #US #economy #consumer #spending #wealth #inflation #interestrates #recession...
#newstr #UsEconomy #ConsumerSpending #WealthGains #Inflation #MiddleClass #LuxuryRetailers #HouseholdDebt #Walmart #EconomicChallenges #RetailIndustry
https://here.news/story/3041f0f3?ver=0.46
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#3041f0f3 ver:0.46
The US economy faces challenges as consumer spending weakens, particularly among affluent Americans. Wealth gains in stocks, fixed income, home prices, and crypto have contributed to the economy's growth, but weakening sales at retailers catering to the upper middle class indicate potential trouble ahead. Factors such as high inflation, rising interest rates, and declining real incomes have led to reduced spending. Wealthy Americans are becoming more cautious, and there are signs of a slowdown in the economy's momentum. Real disposable incomes have risen only modestly, and households are relying on credit cards and financing. The US economy is coming off a strong pace set in 2023, and the Fed may cut interest rates. The economy has bifurcated into the 'haves and have-nots,' with middle-class Americans struggling. The recovery is seen as a two-pronged, K-shaped economy, making it difficult for the Fed to take crucial steps. #US #economy #consumer #spending #wealth #inflation #interestrates #recession...
#newstr #UsEconomy #ConsumerSpending #WealthGains #Inflation #MiddleClass #LuxuryRetailers #HouseholdDebt #Walmart #EconomicChallenges #RetailIndustry
https://here.news/story/3041f0f3?ver=0.46