Strong consumer spending remains crucial for the U.S. economy, but a tipping point may be on the horizon.
The constant hum of the American consumer machine is displaying a degree of resilience that is puzzling economists.High borrowing costs, a product of the Federal Reserve's interest rate hikes, haven't deterred American consumers from robust spending. Yet as seasons transition, there's an underlying concern about the sustainability of the current spending momentum.
Ninety-two percent of respondents noted reduced spending over the past six months, despite a growing economy. With the holiday season on the horizon, more than 75 percent of consumers intend to curtail non-essential expenditures, a potential red flag for industries banking on festive shopping.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
As his presidential bid ends, Pence may finally escape Trump’s shadowHayes Brown is a writer and editor for MSNBC Daily, where he helps frame the news of the day for readers. He was previously at BuzzFeed News and holds a degree in international relations from Michigan State University.
Les mer »
The Largest-Ever Simulation of The Universe Could Finally Reveal How We Got HereThe Best in Science News and Amazing Breakthroughs
Les mer »
DC's Silliest Crime Has Finally Been Topped (Sorry Lex Luthor)One of Gotham's most underestimated villains has finally topped Lex Luthor's grand cake larceny in terms of petty villainy — and it's hilarious.
Les mer »
For Palestinian and Israeli Americans, war has made the unimaginable a realityIn the Israel-Hamas war, both sides have been left struggling with the loss of innocent lives.
Les mer »
NFL broadcasters seem to finally realize 49ers no longer play in SFThe 49ers are in their 10th season at Santa Clara's Levi's Stadium, but television broadcasters have continued to mostly show San Francisco.
Les mer »
More Americans are car shopping, despite UAW strike and high pricesHigh interest rates, economic headwinds, UAW strike: Some auto buyers are still hesitant, but new vehicle sales are still showing gains.
Les mer »