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U.S. Consumer Spending Diverges Sharply in “Two‑Speed” Economy

U.S. Consumer Spending Diverges Sharply in “Two‑Speed” Economy

The “Two-Speed” Economy is increasingly becoming apparent in U.S. consumer spending, with distinct differences emerging between higher-income households and those facing financial constraints. Recent data indicates that wealthier consumers continue to drive demand in sectors like luxury travel, dining, and high-end goods, while lower- and middle-income households are showing caution, particularly with discretionary spending. This divergence

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