Published: Jan 28, 2026, 11:51 IST | Updated: Jan 28, 2026, 11:51 IST
U.S. Consumer confidence readings paint a much weaker picture than is suggested by spending data. This likely reflects the bifurcation story.
Spending is being driven by a relatively small cohort of high-income households. On the other hand, middle and lower-income households are feeling more financial pressure and are more nervous about what the future holds.