Fragile Spending: The Uneven U.S. Economy

Is the US economy on shaky ground? New data reveals a troubling trend: consumer spending is slowing down for low-income Americans, while the wealthy are driving nearly all growth. Economists warn this uneven spending pattern signals a fragmented economy, making us vulnerable if the well-to-do decide to tighten their belts. Is a recession on the horizon? Find out how this impacts businesses, policymakers, and the overall economic outlook. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.