Consumer spending makes up two-thirds of U.S. GDP, but the economy cannot rely on wealthy consumers alone. Lower- and middle-income households account for the bulk of total consumption by volume. When ...
Sixty-two percent of adult U.S. consumers live paycheck to paycheck as of February 2023. Although this represents a slight rise from 60% in January, year-over-year the share of consumers living ...
Over the past six months, debt issues have been affecting a growing number of Americans across all income levels, according to a survey by the National Foundation for Credit Counseling. "It really ...
Despite stock market volatility and tariff uncertainty, the US consumer is still spending. But company commentary in recent earnings reports and Wall Street data points are reasons for concern, ...
BOSTON, April 17, 2025 /PRNewswire/ -- The outlook for upper-income American consumers' future spending has plunged in the face of the recent tariff-induced turmoil in equity markets threatening to ...