Wealthier Americans driving US economy - Boston Herald

Despite the much higher borrowing costs for mortgages, auto loans and credit cards that resulted from the Fed’s rate hikes, inflation-adjusted consumer spending rose 3% in 2022 and 2.5% in 2023. Read More

Driving retail spending, wealthier Americans are powering U.S. economy ...

Despite the much higher borrowing costs for mortgages, auto loans and credit cards that resulted from the Fed’s rate hikes, inflation-adjusted consumer spending rose 3% in 2022 and 2.5% in 2023. Read More

Americans are getting fed up with the economy. Does that mean we’re ...

Consumer spending accounts for about 70% of the US economy, and retail sales account for about a third of overall spending. So if Americans continue to spend at a healthy pace, there is likely no ... Read More

Wealthier Americans are driving retail spending and powering US economy ...

Despite the much higher borrowing costs for mortgages, auto loans and credit cards that resulted from the Fed’s rate hikes, inflation-adjusted consumer spending rose 3% in 2022 and 2.5% in 2023. And ... Read More

Wealthier Americans are driving retail spending and powering US economy

Despite the much higher borrowing costs for mortgages, auto loans and credit cards that resulted from the Fed’s rate hikes, inflation-adjusted consumer spending rose 3% in 2022 and 2.5% in 2023. Read More

Wealthier Americans are driving retail spending and powering US economy ...

WASHINGTON (AP) — It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and… ... Read More

Wealthier Americans are driving retail spending and powering US economy

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, like ... Read More