U.S. Consumers Reduce Spending
This is a news story, published by Yahoo Finance, that relates primarily to Target and Walmart news.
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consumer financesReuters
•Business
Business & Economics
US consumers slow spending as inflation bites, Synchrony says
81% Informative
Consumers are starting to curb their spending in response to high prices and a worsening economic outlook.
Consumers have been accumulating more debt amid strain in their finances, with delinquencies edging up for auto loans, credit cards and home credit lines.
Retailers including Target and Walmart have said that shoppers are being careful with their spending, waiting for deals or making tradeoffs to lower-priced items.
VR Score
92
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98
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72
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English
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60
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