American Consumer Spending Remains Strong Despite Economic Pessimism
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#47f15315 ver:0.22

Despite economic pessimism and concerns about inflation, American consumer spending remains strong. A survey by Bread Financial found that middle-class consumers are spending more than last year, with 91% prioritizing need-focused spending. However, consumers have higher expectations from brands. Bank of America analysts report soft but stable spending momentum, with lower-income and some middle-income households experiencing slower spending. Another survey reveals that consumers' discretionary budgets are shrinking due to rising costs, but they are more optimistic about their financial situations in the next 12 months. Despite challenges, consumer spending remains robust, particularly among the middle class. #ConsumerSpending #EconomicPessimism #Inflation #BrandExpectations...

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