Consumer weakness spreads to middle income
The guest argued that consumer weakness, previously confined to low-income segments, has now spread to the middle-income consumer as evidenced by recent corporate earnings misses and guidance cuts.
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Structural shifts reduce US economic recession frequency
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The guest argued the core problem for consumers is not current inflation but 'affordability' due to the cumulative 30% loss of purchasing power from past inflation, pressuring discretionary and even staple spending.
The guest argued that consumer weakness, previously confined to low-income segments, has now spread to the middle-income consumer as evidenced by recent corporate earnings misses and guidance cuts.