Lower-income consumers, by contrast, have been disproportionately squeezed by higher-priced rent, groceries, and other necessities, leaving them less able to spend on discretionary items. It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace?
Wealthier Americans Are Driving Retail Spending
Associated Press, Fast Company
Sat, 10/19/2024 - 6:30am
BING NEWS:
- Wealthier Americans are driving retail spending
Lower-income consumers, by contrast, have been disproportionately squeezed by higher-priced rent, groceries, and other necessities, leaving them less able to spend on discretionary items.
10/18/2024 - 10:30 pm | View Link - Research shows economy driven by wealthier Americans
Wealthier Americans are driving retail spending and powering the U.S. economy by maintaining robust spending at retail stores and restaurants, despite being impacted by high prices.
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Wealthier consumers are fueling robust spending at retail store and restaurants, as the gap between them and lower-income shoppers widens and why so many express frustration with the economy.
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10/18/2024 - 6:53 am | View Link - See who’s really driving the US economy
Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace? One key reason is a relatively simple one: Wealthier consumers, boosted by ...
10/18/2024 - 3:38 am | View Link - More
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