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Will the American consumer considerably slow their spending in the next 1-2 quarters? : stocks

by Index Investing News
November 24, 2022
in Stock Market
Reading Time: 1 min read
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Just want people’s opinions/thoughts/impressions on whether they think the “resilient American consumer” will or will not slow their spending in the next quarter or two.

Revenge spending for a lack of a better term can only continue for so long. With rising credit card debt (notable that this is growing from purchase of essentials like food — https://www.theguardian.com/business/2022/nov/06/britons-turn-to-credit-cards-and-loans-to-cover-basics-as-cost-of-living-crisis-bites) and the spectre of rising fuel prices to warm homes this winter, I personally feel that there is a good chance that this holiday season will be the consumer’s last gasp before reeling in their spending.

Happy Thanksgiving all.

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