The State of the U.S. Consumer: Troubled Waters Ahead?
The U.S. consumer has been remarkably resilient since the economy reopened after the height of the COVID-19 pandemic. People returned to restaurants, resumed travel, and spent money they had saved during lockdowns, a phenomenon dubbed “revenge spending”. This trend continues, with people spending freely at restaurants and maintaining strong retail spending, even amidst inflation. However, … The State of the U.S. Consumer: Troubled Waters Ahead?
