When the going gets tough, the tough go shopping.
That sentiment has long underpinned US fiscal might, as consumer spending has fuelled growth for decades and remains the major driver of the nation’s gross domestic product.
People
The rich spend on luxury and travel despite inflation: ‘The higher-end consumer is in pretty good shape’
Those at the top of the income spectrum are poised to keep spending, but that spending may look different than it has in recent years
