Americans are still spending money, even with recession fears. What gives?
These are strange economic times, but in the midst of surging inflation and recession fears, Americans are still spending money. D. Meghan Pierce helps us understand why.
The Week in Philly from KYW Newsradio
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Show Notes
Economy got you down? We get it. Interest rates have soared. Inflation has been surging. A recession could be on the horizon...yet based on the numbers, we're still spending money, despite our decreasing confidence in the economy. What factors are driving this inherently contradictory trend? Which demographics of people are being disproportionately affected the most? Is there any end in sight? La Salle University Associate Professor of Marketing Dr. Meghan Pierce offers some answers, and tries to help us make sense of a very whacky economic moment.
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