Americans keep spending, even while consumer confidence is collapsing.
But spending more money does NOT mean you're doing better.
Inflation is eating into those dollars. Savings are falling. Income growth is slowing. And more households are leaning on credit and accumulated wealth to maintain their lifestyle.
The American consumer has been incredibly resilient.
The question is: how long can that continue?
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Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate #Economy #ConsumerSpending #Inflation #Debt #PersonalFinance