Is America ’s spending spree ‘sustainable’? Consumers are leaning on their savings to spend, and some economists are worried

Consumers continue to spend, but some economists are starting to question how long they can keep it up. “Unsustainable” was how some economists described the latest read on personal consumption expenditures. The major reason is that the share of disposable income people were able to save declined…#unsustainable #kaylabruun #morningconsult #households #gregorydaco #ey #lydiaboussour #bankrate #federalreserve

Source: Reuters: Health - October 29, 2023 Category: Consumer Health News Source Type: news