ప్రజలు ఎందుకు తక్కువ ఖర్చు చేస్తున్నారు? || Why are People spending less? ||

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ప్రజలు ఎందుకు తక్కువ ఖర్చు చేస్తున్నారు? || Why are People spending less? ||
This economy is taking baby steps, slowing down enough for inflation to hit the Fed’s target. That slowing down depends a lot on what the American consumer decides to do, since, as we point out at Marketplace all the time, the American consumer is responsible for more than two-thirds of the American economy.

Lower-income consumers are already pulling back or switching to cheaper options, according to several retailers that reported their quarterly results this week.

Now, the question is: When will the rest of the economy follow suit?

In other words, how long does it take between consumers having enough of higher prices and cutting back, and an actual economy-wide slowdown?

“This is where you will get the wishy-washy answers from all economists,” said Skanda Amarnath, executive director at the think tank and advocacy organization Employ America.
https://optn.transplant.hrsa.gov/news...