![Consumer Crunch? Spending, Debt, Stagflation](https://www.sofi.hk/app/uploads/2024/04/Feature-image.jpg-11.png)
Consumer Cracks In the United States, the consumer is the economy. Consumer spending accounts for around two-thirds of U.S. GDP, so when spending falters, the economy is in a pinch. That is why economists have been worried about the state of people’s wallets in the face of the high inflation Americans have been enduring. Even…Read more