Bloomberg (June 2)
2024/ 06/ 03 by jd in Global News
“The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a one-off. Real disposable incomes have risen only modestly over the past year.” The U.S. personal savings rate is sharply lower than a year ago and “many Americans are increasingly relying on credit cards and other sources of financing to support their spending.”
Tags: Consumer, Credit cards, Disposable incomes, Financing, Household demand, Main drivers, Pullback, Resilient, Savings, U.S.
