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

Will tariffs slow the U.S. economy in 2026?

The U.S. economy has largely weathered historically high tariffs so far this year, but a new study says tariffs will hit Americans in 2026. The Paris-based Organization for Economic Cooperation and ... Read More

This K-shaped economy is reliant on high-income spenders

A slim slice of consumers in the top quintile of incomes is doing the majority of spending in this economy. Apple’s latest financial results give us a glimpse into this phenomenon. After a couple ... Read More

Strong consumer spending propping up U.S. economy

WASHINGTON (Reuters) - U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the ... Read More

AI boom propping up economy as some guardrails are coming off, journalist Andrew Ross Sorkin warns

Stocks took a nosedive on Friday after President Trump threatened a big tariff hike on China. Until then, Wall Street had been at record highs for months, which is why we decided to check in with ... Read More