( ) -q-20- UNDATED (Correspondent Jeremy House) “pressure to come.” Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households. [CutID: <Cuts> ECONOMY-SPENDING-house-q-FRIam.mp3 Time: 20s Title: ECONOMY-SPENDING-house-q-FRIam Out-cue: pressure to come] TAG: Correspondent Jeremy House reporting. Much of the commentary recently has come from […]
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Despite healthy economic indicators, lower-income spenders are showing the strain
( ) -q-20- UNDATED (Correspondent Jeremy House) “pressure to come.”
Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households.
[CutID: <Cuts> ECONOMY-SPENDING-house-q-FRIam.mp3
Time: 20s
Title: ECONOMY-SPENDING-house-q-FRIam
Out-cue: pressure to come]
TAG: Correspondent Jeremy House reporting. Much of the commentary recently has come from big food and drink companies. Upcoming reports from Walmart, Dollar General and other retailers will offer more details.
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VERBATIM: Consumer goods giants from PepsiCo to Kraft Heinz have been describing recently how the combination of high inflation and higher interest rates is hurting their lower-income customers. Overall spending by U.S. consumers remains healthy. However, weakness at the bottom end of the income spectrum could be a warning signal of more pressure to come.