business / news / / Spokane Spokesman-Review
She has not had to shell out for higher gas prices since the war in the Middle East began.
The U.S. personal savings rate is at its lowest since 2008, excluding pandemic swings.
KEY POINTS
- University of Michigan's consumer sentiment survey hit its lowest level on record due to price and asset concerns.
- Economists say a sustained $120 oil price or 20% stock drop could significantly reduce consumer spending.
- Recent larger-than-normal tax refunds and high investment account values are currently supporting consumer resilience.
- Home prices have risen over 50% nationwide in five years, boosting perceived financial security for many homeowners.
COMPANIES
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