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Wealthy Americans' Spending Habits Continue to Drive US Economy Despite Inflation Concerns /
npub1eqm…8awy
2024-05-19 18:58:53

Wealthy Americans' Spending Habits Continue to Drive US Economy Despite Inflation Concerns on Nostr: Wealthy Americans' Changing Spending Habits Signal Economic Slowdown =============== ...

Wealthy Americans' Changing Spending Habits Signal Economic Slowdown
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#3041f0f3 ver:0.39

Wealthy Americans' changing spending habits signal economic slowdown as sales weaken at retailers catering to the upper middle class. Affluent Americans reducing spending ahead of Black Friday suggests potential weakness in the US economy. Factors like high inflation, rising interest rates, and declining real incomes contribute to reduced spending. Shifting behavior of wealthy Americans and decline in luxury retail profits indicate slowing momentum. Walmart's growth across income groups may not retain affluent customers without a premium experience. #EconomicSlowdown #WealthyAmericans #ConsumerSpending...

#newstr #UsEconomy #WealthyAmericans #ConsumerSpending #RetailSales #Inflation #Walmart #DiscountSupermarkets #Ecommerce

https://here.news/story/3041f0f3?ver=0.39
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