Reported about 4 hours ago
Recent research from Moody's Analytics reveals that the top 10% of earners constituted nearly half of all consumer spending in Q2, marking the highest level since 1989. While higher income groups are exhibiting positive spending volatility, lower income brackets show greater weaknesses, particularly as back-to-school shopping begins. Consumers overall are increasingly strategic in their purchasing, visiting more stores in search of deals, reflecting a significant shift in behavior across various income levels.
Source: YAHOO