✉news BusinessEconomy first seen 12 h ago, last 5 h ago, peak #18
High-income Americans keep spending despite shaky economy
Original: Here's how high-income Americans keep spending in a shaky economy
A new report from USA Today examines how high-income Americans continue to spend freely even as economic conditions remain uncertain. Wealthier households, cushioned by savings, investments and strong wage growth, appear to be driving consumer spending while lower-income consumers pull back. Analysts note this split spending pattern is helping keep the broader economy afloat despite persistent concerns about inflation and jobs.
Why now: Consumer spending habits of wealthy households are seen as a key signal of whether the US economy can keep avoiding a downturn.
USA TodayUnited Stateshigh-income Americans
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