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Title: Real-Time Card Data Reveals "Broad-Based Slowdown": Spending Growth Turns Negative For Low Income Households
Source: [None]
URL Source: https://www.zerohedge.com/markets/r ... owth-turns-negative-low-income
Published: Jul 11, 2022
Author: Tyler Durden
Post Date: 2022-07-11 23:01:49 by Horse
Keywords: None
Views: 143
Comments: 1

The card data suggest that real consumer spending declined for the second consecutive month...

Poster Comment:

SEE CHART. Actually worse than that as the real inflation rate is over 16% so almost everyone is facing a declining income.(1 image)

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#1. To: All (#0)

https://www.zerohedge.com/markets/costco-ceo-warns-consumer-recession

Costco CEO Warns "A Lot Of Consumers Are In Recession Right Now"

"...they're in a recession because they're just trying to survive by just buying gas and making house and rent payments..."

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2022-07-11   23:18:59 ET  Reply   Trace   Private Reply  

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