A Tale Of Two Cities
Below is a synopsis of this investment report:
- Consumer spending drives 70% of our economy, yet it’s shaping up to be a “Tale of Two Cities.”
- High-income earners are experiencing several tailwinds as home values and equity portfolios continue to rise, while low-income earners still face material headwinds.
- Given high earners’ disproportionate spending level, we believe that consumer spending will be a net positive for our economy over the coming years.
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