MasterBlaster@lemmy.world to

News@lemmy.worldEnglish · 24 hours ago

Retail spending is starting to look more and more like the labor market (only the wealthy are spending)

finance.yahoo.com

329

Retail spending is starting to look more and more like the labor market (only the wealthy are spending)

finance.yahoo.com

MasterBlaster@lemmy.world to

News@lemmy.worldEnglish · 24 hours ago

Retail spending is starting to look more and more like the labor market

finance.yahoo.com

Spending data shows a resilient consumer powering the economy, but that strength is skewed.

The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.

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I can’t wait til we start drinking water from lead pipes and slowly got deranged as a community.

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