Federal Reserve Bank of Philadelphia Consumer Finance Institute: 'Evidence of Diverging Spending Behavior by Income'
November 09, 2025
November 09, 2025
PHILADELPHIA, Pennsylvania, Nov. 9 (TNSLrpt) -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a brief in November 2025 entitled "Evidence of Diverging Spending Behavior by Income."
Here are excerpts:
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It has been suggested that the relatively strong growth in aggregate consumer spending is driven primarily by high-income, high-asset consumers, while spending growth among consumers with lower incomes has bee . . .
Here are excerpts:
* * *
It has been suggested that the relatively strong growth in aggregate consumer spending is driven primarily by high-income, high-asset consumers, while spending growth among consumers with lower incomes has bee . . .