Wealthy Americans' Spending Habits Continue to Drive US Economy Despite Inflation Concerns on Nostr: US Economy Experiences Selective Recession as Income Inequality Persists ...
US Economy Experiences Selective Recession as Income Inequality Persists
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#3041f0f3 ver:0.51
The US economy is experiencing a "selective recession" as income inequality persists, with high-income households driving spending while lower-income consumers struggle. Wealthier Americans continue to spend and invest robustly, complicating the Federal Reserve's efforts to manage interest rates. However, there are signs that wealthy Americans are becoming more cautious, with luxury retailers reporting declines in profits. Real disposable incomes have risen only modestly, and household debt is on the rise. The economy's momentum may be slowing down, and the Fed may cut interest rates. The US economy is divided into two types of consumers, with policies needed to address inequality. Despite concerns of a slowdown, US consumers are defying expectations and driving economic growth. The economy is experiencing a "selective recession" where lower-income consumers are struggling while high-income households are seeing significant wealth creation. #US #economy #incomeinequality #consumer #spending #recession...
#newstr #UsEconomy #Recession #WealthCreation #IncomeInequality
https://here.news/story/3041f0f3?ver=0.51
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#3041f0f3 ver:0.51
The US economy is experiencing a "selective recession" as income inequality persists, with high-income households driving spending while lower-income consumers struggle. Wealthier Americans continue to spend and invest robustly, complicating the Federal Reserve's efforts to manage interest rates. However, there are signs that wealthy Americans are becoming more cautious, with luxury retailers reporting declines in profits. Real disposable incomes have risen only modestly, and household debt is on the rise. The economy's momentum may be slowing down, and the Fed may cut interest rates. The US economy is divided into two types of consumers, with policies needed to address inequality. Despite concerns of a slowdown, US consumers are defying expectations and driving economic growth. The economy is experiencing a "selective recession" where lower-income consumers are struggling while high-income households are seeing significant wealth creation. #US #economy #incomeinequality #consumer #spending #recession...
#newstr #UsEconomy #Recession #WealthCreation #IncomeInequality
https://here.news/story/3041f0f3?ver=0.51