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But we saved everything 🙂.
Overall consumer spending has remained steady, but spending on recreation fell by $14 billion. Scott Lincicome described this trend, noting that consumers have managed to continue their spending only by reducing how much they save, maintaining their current lifestyles at the expense of future financial security.
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Scott Lincicome has previously reported on major layoffs in Dayton, Ohio that erased a year of job growth after tariffs did not increase demand, as detailed in a prior article. He has also shared updates concerning global investment risk, including coverage of a leading landlord calling Germany uninvestable over a Berlin property seizure plan in another recent report. Lincicome’s posts have documented disruptions across employment and real estate sectors.