The US economy is weakening as YOLO spenders pull back from 'fun and games,' economist David Rosenberg says
The US economy could weaken in the coming year, as so-called YOLO spenders who were once propping up the economy with pandemic stimulus money are now starting to pull back on"fun and games," according to top economist David Rosenberg.
Other experts have warned the US economy is already starting to turn sluggish. Though GDP grew in the second quarter, real gross domestic income has already fallen into a recession, Rosenberg said, with the measureThat's another reason to suspect that consumers will continue to pull back on bucket list purchases over the next year.
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