Economists think that a more strained consumer could slow growth in the fourth quarter, and that much of the wealth cushioning higher-income spenders comes from AI-driven stock gains.
Buy now, pay later services, which allow buyers to pay for purchases in installments, are becoming increasingly popular — even for basic needs like groceries.
Scott Miller, director of the Democracy and Capitalism Lab at the University of Virginia, discusses the new Global Capitalism Index and how deeply intertwined capitalism is with democracy.