The consumer is just fine: All income tiers accelerated into October
Per @BankofAmerica data, total spend growth shows "all income tiers accelerated into October, with Middle Income spend growth strongest (8.1%)," running above the 6.5% total, while lower income merely matched it.
Delinquencies falling, cards up double digits, and the recession stays perpetually one quarter out.
Per @BankofAmerica data, total spend growth shows "all income tiers accelerated into October, with Middle Income spend growth strongest (8.1%)," running above the 6.5% total, while lower income merely matched it.
Delinquencies falling, cards up double digits, and the recession stays perpetually one quarter out.