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Afraid Boa
May 19, 2024
Wealthy Americans' Changing Spending Habits Signal Economic Slowdown ===============
#3041f0f3
ver:0.38 Wealthy Americans' changing spending habits signal economic slowdown. Affluent Americans driving US economy, but weakening sales at retailers catering to upper middle class indicate potential weakness. Reduced spending by affluent shoppers suggests trouble ahead. Wealth gains in stocks, fixed income, home prices, and crypto contribute to growth, but caution and price sensitivity are emerging. Household debt and delinquency rates rising. Shifting behavior of wealthy Americans may slow down economy's momentum.
#EconomicSlowdown
#WealthyAmericans
#ConsumerSpending
...
#newstr
#UsEconomy
#AffluentAmericans
#SpendingHabits
#Inflation
#BorrowingCosts
#LuxuryRetailers
#HighendLiquorCompanies
here.news/story/3041f0f3?ver=0.38
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