Retail spending is starting to look more and more like the labor market (only the wealthy are spending)
Retail spending is starting to look more and more like the labor market (only the wealthy are spending)
finance.yahoo.com
Retail spending is starting to look more and more like the labor market
The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.