A resilient consumer has helped stave off a recession so far. VIEW press / Getty Images
- The US consumer is doing just fine, and their resilient spending habits should help stave off a recession.
- That’s true even amid concerns of dwindling excess savings and the imminent resumption of student loan payments.
- These five charts help show just how resilient the US consumer is despite fears of a recession.
The US consumer is doing just fine as they continue to spend money despite elevated inflation and ongoing fears that a recession will soon hit the economy.
Despite some commentators sounding the alarm, the US consumer isn’t in imminent financial trouble because of dwindling excess savings from the COVID-19 pandemic on top of student loan payments set to kick in again later this year.
That’s the big takeaway from Carson Group’s chief market strategist Ryan Detrick, who highlighted just how strong the consumer really is based on…
