On top of the infamous “K shape” between high- and low-income households, economists also see a widening spending gap between high- and middle-income consumers.
A new law doesn’t require schools to offer whole milk, it just gives them the option. Whether or not schools will make the switch now could depend on if they can afford to.
The data from the Census Bureau could mean that consumers are pulling back — or it could just mean that they did more of their holiday shopping in November.
Americans were less worried about the short-term trajectory of inflation and hiring in January, according to a survey by the Federal Reserve Bank of New York.
