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How The U.S. Is Stalling A Recession
Posted
May 11, 2023
Views
1,411,333
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10,990
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May 11, 2023
1,411,333
10,990
1,692
0.90%
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10:16Now PlayingWall Street investors remain braced for a recession. But a turndown hasn't yet materialized, due to strong demand from U.S. consumers. Spending makes up roughly 68% of the U.S. economy. It's remained strong amid high inflation as high-income Americans draw down generous savings accrued in the pandemic. Lower-income Americans who may have exhausted their pandemic savings are increasingly turning to credit cards to finance daily life.
Chapters:
Produced by: Carlos Waters
Supervising Producer: Lindsey Jacobson
Graphics: Christina Locopo
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How The U.S. Is Stalling A Recession
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