3 signs cash-strapped consumers are nearing a ‘spend-pocalypse’ that would hurt the economy
Summary
American consumers are facing severe financial strain that could soon lead to a major drop in overall spending. Since domestic consumption drives the majority of the national economy, any significant pullback in retail activity poses a serious risk to broader economic growth.
Nearly 70% of U.S. GDP comes from consumers. What happens when they stop spending?
Source: Read the full story at MarketWatch.com - Top Stories
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