Middle-income households ration spending amid strain, Heather Long notes

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Ivan Andriyenko

03.06.2026

Middle-income households ration spending amid strain, Heather Long notes — Fed Beige Book finds strained budgets

Heather Long highlights insights from the Federal Reserve's Beige Book, describing how middle-income households in the U.S. are 'squeezing more life out of every dollar before deciding to spend it.'

Long also notes that low-income consumers are experiencing greater financial strain, reflecting ongoing challenges in the U.S. economy.

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Earlier this year, Long reported that U.S. PCE inflation rose to 3.8 percent in April, reaching its highest level since May 2023. She also noted that job openings outnumbered unemployed workers for the first time since June 2025. These data points highlight ongoing shifts in the U.S. economic outlook.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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