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.
For full access to the investment report titled “A Tale of Two Cities”, please contact us.