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.
Real-Time Card Data Reveals "Broad-Based Slowdown": Spending Growth Turns Negative For Low Income Households
| Source: | https://www.zerohedge.com/markets/real-time-card-data-reveals-broad-based-slowdown-spending-growth-turns-negative-low-income |
| Published: | Jul 11, 2022 |
| Author: | Tyler Durden |
| Post Date: | 2022-07-11 23:01:49 by Horse |
| Views: | 221 |
#1: Horse To: All (#0)
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..."
Horse posted on 2022-07-11 23:18:59 Reply Private Reply