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May 13, 2024

Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain

  • Weakness at the bottom end of the income spectrum could be a warning signal of more pressure to come.
    AP Business Writer

    NEW YORK — Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households.

    Consumer goods giants from PepsiCo to Kraft Heinz have described recently how the combination of high inflation and higher interest rates is hurting their lower-income customers.

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