Economic Watch: Income inequality leads to bifurcation in U.S. consumer spending, sentiment

NAMPA / Xinhua

2025-02-06

by Xinhua writer Yanan Liu NEW YORK, Feb. 5 (Xinhua) -- The yawning income inequality has contributed to divergence in U.S. consumer spending and sentiment, according to U.S. economists. There has been very large bifurcation between low and high income households over the last couple of years, said Sarah Wolfe, senior economist and strategist with the Morgan Stanley Wealth Management. "The reason, however, that the aggregate consumer spe......

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