Retail spending is starting to look more and more like the labor market (only the wealthy are spending)

submitted 10 months ago by

https://finance.yahoo.com/news/retail-spending-is-starting-to-look-more-and-more-like-the-labor-market-100017692.html

The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.

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HubertManne

10 months ago

Sorry folks but im not so keen to spend without an income.

CriticalMiss@lemmy.world

10 months ago

That doesn’t concern them too much.

Gormadt@lemmy.blahaj.zone

edited 10 months ago

The Ultra Wealthy basically.

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Retail spending is starting to look more and more like the labor market (only the wealthy are spending)

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