Economy News Consumers Have Been Propping Up The U S Economy When No One Else Could—now The Debts Are Being Called And They Can’t Pay Their Bills

Top 10% of consumers propping up US economy, says financial expert

Sam Miller, CEO and co-founder of Kasheesh, says the U.S. economy's resilience is being driven by the top 10% of high earners, while consumer behavior shifts from "discretionary spending last year to ... Read More

One force is propping up the economy. Fears are growing it won’t last

San Francisco - Spending by consumers has dominated the American economy for decades, usually the largest driver of economic growth. But in the first half of this year, spending by companies on ... Read More

U.S. Economy: 3 Key Challenges For Consumers

Read about the 3 critical challenges facing U.S. consumers. Investors must consider whether the market's strength can persist when the majority of consumers are under financial pressure. Read More

US economy at risk of wobble as lower-income consumers get squeezed

The U.S. consumer's durability as a prop for the economy may be tested in coming weeks as family budgets, particularly among the less affluent, are stressed by rising healthcare costs, the potential ... Read More

No one can seem to kill America’s economy, despite everyone’s best efforts

Americans hate this economy, but they keep spending like they love it. The Commerce Department reported Friday that consumer spending rose 0.6% in August. Although that may not sound like a lot, it ... Read More

CBS News poll finds negativity on economy, job market and concerns about AI's impact

Anthony Salvanto, Ph.D., is CBS News' executive director of elections and surveys. He oversees the CBS News Poll and all surveys across topics and heads the CBS News Decision Desk that estimates ... Read More

Editorial: The economy is flashing red for many American consumers

Take it from a guy who made more than $30 million last year: Low-income consumers are “living on the edge.” So says Charlie Scharf, chief executive of the Wells Fargo bank, citing data that indicate ... Read More

The U.S. economy grew more than thought in the second quarter

Data released Thursday reflects the resilience of the U.S. economy, even as concerns about the job market and inflation persist. U.S. economic growth, or the gross domestic product (GDP), reached 3.8% ... Read More

This burrito is everything you need to know about America’s economy

America’s economy and stock market keep growing, buoyed by robust consumer spending and AI mega-growth. But hiring is at a standstill, inflation is rising, loan defaults are abundant and Americans ... Read More