Q2 GDP grew 1.5% on accelerating consumer spending; the number that gets reported as resilience. Three waves of the US Diverse Consumer Pulse Study say the right question is which consumer. The share of households struggling to cover expenses hasn't moved since December. And Latino consumers just lost the optimism advantage they've held for years without gaining any financial ground.
Consumers' economic concerns rise in 2025: inflation, cost of living, interest rates, and trade policies top the list.
4 min read
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