Reported 12 months ago
Wealth! Host Brad Smith discusses three major economic factors affecting American consumers: slow annual wage increase according to ADP data, housing expenses taking up 35% of the average national wage as reported by ATTOM, and the 5% increase in the cost of a 10-person cookout reported by the American Farm Bureau Federation. Meat prices have surged by 11%. Despite challenges, consumers have shown resilience amidst inflation pressures.
Source: YAHOO