Reported 1 day ago
Despite ongoing economic concerns, American consumers continue to spend, with spending rising 6.8% year-over-year in April, though analysts warn of a possible slowdown. Upcoming earnings reports from Walmart and retail data are expected to provide more clarity. While high-income consumers are increasingly relying on Walmart, overall consumer sentiment has dropped, indicating unease among shoppers who are becoming cautious with larger expenditures. Consumers are prioritizing lower prices, leading to changes in purchasing habits.
Source: YAHOO