September 13, 20233 min read, 685 words
Published: September 13, 2023 | 3 min read, 685 words
A perfect storm is coming for the US economy.Even as interest rates skyrocketed over the past 18 months, strong consumer spending kept the US economy moving. It's what helped fuel a summer of Barbie, Beyoncé, and Taylor Swift. But the delayed impact of those higher interest rates...
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September 13, 2023
Interesting to see the overall movement of savings and money and interest rates on spending on the larger US consumer market. But I'd rather there be a more specific view on each socio-economic class, since credit card rates and recessions tend to hit the lower class harder than middle or upper middle, making big sweeping statements like 'spending hasn't changed' difficult to target. Won't change for who?
September 13, 2023