Is the American Consumer Done Spending?
September 20, 2024
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7:03Now PlayingIs the American Consumer Done Spending?
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as posted by the channelAmericans and their wallets are a key part of the global economy. Yet the lifestyles many think they’re entitled to have become more expensive. In the aftermath of the pandemic, rising costs, middling wage growth and unsustainable debt are taking a major toll on US consumers. The Federal Reserve recently started cutting interest rates, which may help restore some of their confidence. Will it be enough?
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