Consumers May Not Last for Much Longer

Consumers in America have seen a puzzling trend in recent years. Despite complaining about the economy and prices, many of them are spending. American buyers will not be stopped—at least, not yet. Consumers have held up economically. They want to spend their stimulus money and pandemic savings. Retail sales slowed in 2022 but recovered in January 2023. Many companies have raised prices to offset their own rising costs, but they’ve also taken advantage of the inflationary moment to raise prices and increase their profit margins to their highest level in decades—if everyone knows everything’s getting more expensive, it’s easier to Continue Reading