Low-income Americans slash spending, a worrying sign for the economy

Although investors cheered the Federal Reserve’s recent rate cut and the stock market has kept powering along, the economy is facing growing headwinds on one crucial front - consumer spending. Read More

Is the U.S. economy strong or slipping behind the curtain?

Recent reports suggest a dual narrative regarding the U.S. economy’s health, with both strong and weak indicators creating a complex picture. The stock market’s decline is now mirroring economic ... Read More

Consumer spending is strong again — and the U.S. economy is all right

High tariffs, lingering inflation and more trouble finding a job apparently haven’t been enough to throw consumers into funk. Americans increased spending again in August to help keep the U.S. economy ... Read More

The Fed just cut rates. But relief might not come quickly enough for some Americans

The Federal Reserve cut interest rates on Wednesday for the first time this year, a move that could provide some relief for Americans from the higher cost of living. But there is a deepening ... Read More

The Two-Speed Economy Is Back as Low-Income Americans Give Up Gains

There are two economies in the U.S. right now, and they are moving in different directions. For high earners and many older Americans, the economy looks robust. They are still spending like ... Read More

The top 20% of Americans are keeping the economy alive. That’s not a good sign

Falcon Heights, Minnesota (CNN) — Consumer spending is a crucial part of the US economy, accounting for about two-thirds of its growth. And judging from retail sales data released earlier this week, ... Read More

The wealthiest are boosting the economy, as consumer spending rises again

The wealthiest Americans have been doing even better than previously thought — and are driving a consumer spending surge that has been fueling the U.S. economy through spending on travel, hotels and ... Read More

Low-income Americans slash spending, a worrying sign for the economy

Spending is softening in a “fragmented way,” analysts warn, and even wealthy Americans are scaling back. Although investors cheered the Federal Reserve’s recent rate cut and the stock market has kept ... Read More