Despite US consumer spending being bright, not all segments of consumers are performing equally, NRF chief economist Mark Mathews said.
Evidence shows high-income consumers are outperforming and outspending lower-income consumers.
Across lower- to middle-income US households, growth in spending has begun to slow.
Mathews expects to see continued growth at a top-line level for retail into 2026.
Evidence shows high-income consumers are outperforming and outspending lower-income consumers.
Across lower- to middle-income US households, growth in spending has begun to slow.
Mathews expects to see continued growth at a top-line level for retail into 2026.
