đšSOMETHINGâS BREAKING IN THE U.S. ECONOMY⊠BUT NO ONEâS TALKING ABOUT IT
Consumer spending, the backbone of the economy, is quietly collapsing.
Whatâs really going on behind the headlines?
Retail sales fell -0.9% in May... 2nd-largest drop since March 2023
Itâs the 2nd straight monthly decline
Biggest drops in building materials, gas, and motor vehicles
Restaurants & bars saw their worst hit since Feb 2023
Inflation-adjusted retail sales are -2.5% below April 2022 peak
Americans are falling behind... they canât outspend inflation anymore
What happens when the spending finally stops?