Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
https://apnews.com/article/inflation-economy-wealth-rates-federal-reserve-cuts-9290216e89cbd7a3a0d2be66041aeaf8
by EchoInTheHoller
Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
https://apnews.com/article/inflation-economy-wealth-rates-federal-reserve-cuts-9290216e89cbd7a3a0d2be66041aeaf8
by EchoInTheHoller
1 comment
Boomers. They mean boomers. Almost all of the spending is coming from boomers blowing through retirement savings.
They’re not gonna leave a dime either. Just a beat up RV and a couple of timeshares you’ll have to hire a lawyer to get out of.