Articles
21 May 2024

Watch: The worrying US wealth divide

ING’s James Knightley on why the consumer story will be one to watch as the US economy slows in the second half of this year

The worrying US wealth divide

The consumer is primarily what drives US economic prospects - but it seems that evidence of a change in narrative could be starting to emerge. As the US economy moderates and as the credit card loan delinquency rate rises, we think a potential weakening in the consumption story will be key to watch through the remainder of this year.

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