Americans Cut Back on Spending Amidst Inflation Concerns
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#1cee2c6f ver:0.2

US consumer spending remains flat in February amidst inflation concerns. Inflation increased to 3.2%, driven by rising fuel prices, airline fares, clothing, and used vehicles. Nonfarm payrolls increased, but unemployment rose slightly to 3.9% and wages grew by only 0.1%. Credit unions see increased transaction volume, but aggregate portfolio balances fell for the first time since 2023. Consumers are exercising spending restraint, with retail sales weakening and credit card delinquencies rising. Rising incomes and low inflation may help avoid a consumer crunch. #ConsumerSpending #Inflation #Economy...

#newstr #UsConsumerSpending #Inflation #CostOfLiving #DiscretionarySpending #AmericanSpendingHabits 

 https://here.news/story/1cee2c6f?ver=0.2