AxiosCenter·
Americans are spending faster than their income is growing
Data: Bureau of Economic Analysis ; Chart: Axios Visuals Americans are burning through their financial cushion at an accelerating pace, spending faster than their income is growing, as the energy shock from the Iran war slams household budgets. Why it matters: Consumer spending has indeed held up, defying rock-bottom sentiment readings. But there's new evidence that suggests households are increasingly drawing down savings to support their spending, a fragile dynamic for the broader economy. Wh…
Read at Axios →
