The US Economy is Splitting in 2

Posted on the 07 August 2022 by Phil's Stock World @philstockworld

As fears of a recession heat up, the economic situation for Americans is going one of two ways. It's showing up in recent company earnings, measures of consumer debt, and data on who lives paycheck to paycheck. Low income shoppers are cutting back and relying on credit cards, while their wealthier ...

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