US Consumer Spending Faces Challenges Amidst Economic Slowdown
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#1cee2c6f ver:0.18

US consumer spending faces challenges amidst economic slowdown as February spending remains flat, consumer sentiment decreases, and inflation rises. Nonfarm payrolls increase but unemployment rate rises slightly. Credit union portfolio data shows increased transaction volume, but aggregate portfolio balances fall. Credit unions advised to review portfolios, offer line increases, and promote debit usage. Rising delinquency rates and weakening retail sales indicate consumers are relying on credit cards and closing wallets. Real incomes, excess savings, and private debt are running out, leading to spending restraint. Government may need to increase spending to avoid crashing economy. #ConsumerSpending #EconomicSlowdown #Inflation #CreditUnions #DelinquencyRates #RetailSales #GDPGrowth...

#newstr #UsConsumerSpending #ConsumerSentiment #Inflation #NonfarmPayrolls #UnemploymentRate #Wages #CreditUnionPortfolio #SeasonalEvents #GroceryPrices #RealIncomes #Savings #Debt #GdpGrowth 

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