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May 27, 2022

Americans are spending more than they’re making

That spending spree can’t last. Plus, talk of tariffs in the Weekly Wrap.

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NEW YORK, NEW YORK - APRIL 04: People shop at a clothing store in Manhattan on April 04, 2022 in New York City. JPMorgan CEO Jamie Dimon has warned in his annual shareholder letter that continued inflation in the U.S. will lead to rising interest rates and will be one of the economic issues impacting the country's future.
NEW YORK, NEW YORK - APRIL 04: People shop at a clothing store in Manhattan on April 04, 2022 in New York City. JPMorgan CEO Jamie Dimon has warned in his annual shareholder letter that continued inflation in the U.S. will lead to rising interest rates and will be one of the economic issues impacting the country's future.
Spencer Platt/Getty Images

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Americans are spending more than they’re making