Reported about 8 hours ago
The US economy, while appearing resilient, reveals significant weaknesses as middle and lower-income households cut back on spending due to rising living costs and economic strain. The wealthiest 10% now account for nearly half of all consumer spending, deepening the divide between affluent and struggling families. Despite not foreseeing an imminent downturn, economists express concerns that the reliance on high-income households could make the economy vulnerable to potential recession.
Source: YAHOO