Better-off Americans scale back spending plans after December stock market declines hit investment portfolios, posing risks to the U.S. consumer outlook for 2025, analysis concludes.
At the end of the crucial holiday spending season for American consumers, the latest Consumer Health Indexes show a drop of 10.8 points in US upper-income consumers' spending intentions for this month, with a January reading for this gauge of 96.5, down from 107.3 in December.
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