Consumers Are Still Spending 9/3/26
Summary
Jessica Ettinger and guest Jan Rogers Niffen discuss why US consumer spending remains robust despite low confidence and high inflation. Niffen argues that consumers are spending in a "bad mood," adjusting to costs rather than stopping purchases. While the bottom 20% struggle, the middle and upper classes continue driving economic growth, keeping overall spending steady.
Topics discussed
Consumer spending vs. low confidence paradox
Jan Rogers Niffin on spending behavior and mood
Impact of inflation on different income quintiles
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