The Silent Recession: Impact on Middle Class and Rich Americans
TL;DR Summary
Higher-income earners in the US are feeling the effects of sticky inflation, white-collar layoffs, and surging interest rates, leading to increased pessimism about the economy. Soft wage growth and limited job creation for high earners have also made this group more cautious about spending.
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- Analysis | Why No Recession Yet? Thank the US Consumer The Washington Post
- U.S. economy's strength makes bringing down inflation less certain Axios
- Why No Recession Yet? Thank the US Consumer Bloomberg
- Silent Recession and the Middle Class GOBankingRates
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