Low-income Americans slash spending. Worrying sign for economy…

September 21, 2025

“U.S. consumer spending is not just softening overall, it’s doing so in a fragmented way … and that’s a real problem,” said Claire Li, a Moody’s vice president of credit strategy. “If the benefits and the pressures are not shared broadly, then we’re not looking at a balanced or a healthy state of the U.S. consumer base…