Reported about 18 hours ago
The economic divide in the U.S. is increasingly evident, particularly impacting younger and lower-income consumers. Recent comments from Federal Reserve Chair Jerome Powell highlighted that while overall consumer spending remains resilient, it is unevenly concentrated among wealthier households. Companies like Chipotle have reported decreased patronage among younger and lower-income guests, attributed to various financial pressures. With rising unemployment rates and heightened economic anxiety, the situation reflects broader concerns about the sustainability of growth in the face of increasing disparities.
Source: YAHOO