US Consumer Spending: A Tale of Two Wallets

Consumer spending in the US is a mystery! With government data MIA, analysts are scrambling to gauge economic health using mixed private data. High earners are still splurging on luxury travel, while middle- and lower-income shoppers hunt for bargains amidst inflation and job worries. Credit card data reveals a recent spending pullback, raising questions about the upcoming holiday season. Will spending rebound, or does this slowdown signal tougher times ahead? It's a divided economy with an uncertain future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.