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Consumer Crunch? Spending, Debt, Stagflation

Consumer Crunch? Spending, Debt, Stagflation

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

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Consumer Crunch? Spending, Debt, Stagflation
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