"Various surveys and polls show that Americans remain frustrated with the higher cost of living these days. That’s particularly true for low-income households, which have seen their wages trail those of high earners in recent months, according to data from the Federal Reserve Bank of Atlanta. Lower and middle-income Americans have also leaned more heavily on credit cards and other loans in recent months, New York Fed data shows."

...The drop in spending in late winter early spring is the typical cycle of the spending blues after the Christmas holidays. Nothing new here. If the trend continues into the summer, then it might have credence as an impact to the economy.

econ

"Various surveys and polls show that Americans remain frustrated with the higher cost of living these days. That’s particularly true for low-income households, which have seen their wages trail those of high earners in recent months, according to data from the Federal Reserve Bank of Atlanta. Lower and middle-income Americans have also leaned more heavily on credit cards and other loans in recent months, New York Fed data shows."


...The drop in spending in late winter early spring is the typical cycle of the spending blues after the Christmas holidays. Nothing new here. If the trend continues into the summer, then it might have credence as an impact to the economy.