Consumer spending accounts for roughly 70% of the economy. So when it slows, the U.S. economy risks a recession. Right now, U.S. consumers are spending less on groceries, travel and dining, breaking into their savings accounts, and putting more on their credit cards. To understand why consumers are pulling back, we sat down with one.
Further Reading:
- The U.S. Consumer Is Starting to Freak Out
- Households Burn Through What’s Left of Their Pandemic Savings
Further Listening:
- What Walmart’s Aisles Say About the American Consumer
- The New Layoff: On a Wednesday On Zoom
- What Will the Economy Look Like in 2023?
Where to Listen
