But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market. Economy with increased consumer spending and income growth Their spending habits have helped to buoy the overall economy, masking underlying weaknesses
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As prices for everyday essentials like food, housing, and healthcare continue to rise, many americans are finding it increasingly difficult to make ends meet.
Spending by americaβs wealthiest households is powering the economy, moodyβs warns, while the bottom 80% have only kept pace with inflation.
America's wealthy are not just purchasing more than everybody else β they are increasingly propping up the entire u.s Wealthy americans are driving the u.s
