Tag: Consumer Spending
The gap between higher and lower-income households is widening as inequality progress since pandemic has ‘gone into reverse,’ BofA economist says
America’s consumer economy showed renewed signs of strength in July, but the gains are not being shared equally. According to the Bank of America...
Gen Alpha has surpassed $100 billion in spending power from side hustles and bankrolling parents—and Roblox and Nike are among the big winners
Members of Gen Alpha are too young to drive themselves to a store or open up a credit card in their own names—but that...
Wall Street’s view of a ‘Kevlar economy’ has just been shattered, but red flags were lurking under the radar
The recent batch of indicators has punctured the notion on Wall Street that the U.S. economy is bulletproof and can withstand headwinds like President...
There’s a ‘scary’ recession warning hidden in the too-good-to-be-true economic data, Wells Fargo warns
Recent economic data have eased fears that President Donald Trump’s tariffs aren’t yet causing a downturn or spike in inflation, but Wells Fargo is...
EU awaits decision today on Trump’s potential punishing tariffs threatening ‘the most important commercial relationship in the world’
The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move economists have warned...