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A tale of three US consumers

In the depths of the pandemic, lower-income consumers accelerated their spending, while medium- and high-income consumers pulled back. More recently, those patterns have reversed.

Wealthier consumers have driven the robust rise in spending, while lower-income consumers started to pull back in May 2021.
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To read the article, see “US consumer sentiment and behaviors during the coronavirus crisis,” October 18, 2021.