this post was submitted on 09 Mar 2025
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Leopards Ate My Face

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Charles Payne warns of a collapse in American spending, citing steep declines in restaurant, airline, and lodging purchases. Bank of America data shows credit card spending stagnating as debt hits record highs. Rising interest rates are squeezing consumers.

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[–] LuxSpark@lemmy.cafe 37 points 18 hours ago

Yes, all that money will "trickle down" to consumers. It will be like a refreshing spring rain washing over us and not at all like a jar of trucker piss thrown from a window.