Economy News The Us Economy Is In A Selective Recession As Lower Income Consumers Can T Cover The Cost Of Living, Jpmorgan Says

Investing legend Mohamed El-Erian says he's kept up at night by 2 big problems with the US economy

Weakness among lower-income Americans could spread and "contaminate" other parts of the US economy, El-Erian warned. 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

El-Erian: Low-income Americans are near recession, putting rest of economy at risk

Erian, chief economic adviser at Allianz, is warning that lower-income Americans are under "significant pressure" and that a halt to their spending would weigh on the economy as a whole. "This is not ... Read More

US Firms Grapple With Economic Divide as Lower Income Struggles Mount

(Reuters) -U.S. companies across industries are feeling the squeeze from the deepening split between lower-income and affluent consumers as tariffs pile on more uncertainty. Executives at bellwethers ... Read More

Bessent says US housing market in 'recession' due to Federal Reserve interest rate policies

Treasury Secretary Scott Bessent said the U.S. housing market is one subset of the economy that may be in recession because of high interest rates as he continues to call for the Fed to cut rates. Read More

Higher-Income Consumers Are Spending, Lower-Income Households Are Hurting

Spending is still powering the U.S. economy as consumer balance sheets remain healthy. “While some households are clearly under stress, in the aggregate, households are negotiating financially ... Read More

From fast food to beverage giants, brands see rising income inequality among customers

Consumer brands are adjusting to a two-tiered economy as the new normal. Yet there are signs that even high-income customers are under pressure. The most common refrain so far this corporate earnings ... Read More

U.S. economy at risk of wobble as lower-income consumers get squeezed

WASHINGTON -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 ... Read More

US firms grapple with economic divide as lower income struggles mount

Companies catering to low-income consumers face sales, profit challenges Credit markets shaken by bankruptcies of lenders to low-income consumers Affluent consumers remain resilient, driving overall ... Read More