Wealthier Americans are driving retail spending and powering US …

Oct 18, 2024 · On Thursday, the Commerce Department reported that retail sales in the United States rose 0.4% from August to September, a solid gain that suggested that shoppers are …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 18, 2024 · On Thursday, the Commerce Department reported that retail sales in the United States rose 0.4% from August to September, a solid gain that suggested that shoppers are …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 17, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And ... - MarketBeat

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Oct 18, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And ... - ABC 6 News

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Oct 18, 2024 · On Thursday, the Commerce Department reported that retail sales in the United States rose 0.4% from August to September, a solid gain that suggested that shoppers are …

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Driving Retail Spending, Wealthier Americans Are Powering US …

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Oct 18, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 18, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And Powering U.S ...

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Oct 19, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending: Study

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Oct 18, 2024 · On Thursday, the Commerce Department reported that retail sales in the United States rose 0.4% from August to September, a solid gain that suggested that shoppers are …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 18, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And Powering US …

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Oct 18, 2024 · On Thursday, the Commerce Department reported that retail sales in the United States rose 0.4% from August to September, a solid gain that suggested that shoppers are …

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Wealthier Americans Are Driving Retail Spending And ... - PressReader

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Oct 19, 2024 · By August 2024, inflation-adjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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Wealthier Americans Are Driving Retail Spending And ... - PressReader

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Oct 19, 2024 · By August 2024, inflationadjusted spending on retail goods was nearly 17% higher than it was in January 2018 for upper-income households, defined as those earning more than …

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FAQs about Wealthier Americans are driving retail spending and powering US … Coupon?

Are wealthy shoppers driving retail spending?

Wealthy shoppers have propelled retail spending in the United States, according to a recent Federal Reserve analysis, despite the price of goods remaining high. Even though inflation has cooled, many lower-income Americans are not feeling it, with necessities like rent and groceries remaining at high costs. ...

Why are Americans spending more at retail stores and restaurants?

It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace? One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven the spending. ...

Are middle- and high-income households fueling demand for retail goods?

“Middle- and high-income households have been fueling the strong demand for retail goods,” Fed economist Sinem Hacioglu Hoke and two colleagues wrote. ...

Will consumer spending derail the economy?

Karen Dynan, an economist at Harvard and a nonresident fellow at the Peterson Institute for International Economics, suggested, though, that such trends aren’t likely to derail the overall economy. “There are increasing cracks in consumers’ spending,” she said. “But it’s not yet a broader economic story.” ...

Why are consumers spending more?

One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven the spending. That trend, documented by Federal Reserve research, represents something of a shift from the prepandemic period. ...