Consumer Spending Hits New Low

Consumer Spending Hits New Low
Photo by Alexander Mils / Unsplash

Here's what you need to know.


Consumer spending has hit a new low with many individuals completely stopping their spending to save money. This is hurting the economy in many ways.

As prices rise many individuals have completely stopped their spending to ensure that they are financially stable. Many individuals have completely stopped their spending to stay afloat.

Experts suggest that this is due to high inflation all over the country.