Surveillance: Delayed Recession with Wizman
Bloomberg Surveillance
00:00
Macy's Cut to the Chasm
When do we start to see a subservitive minishing in this momentum? I think the lower to middle income consumer where you've seen the trade down is what I'm concerned about as we go through this first half of the year. Food, rent, cars, all of this is incredibly expensive and really biting into the average American. You're seeing even customers with $100,000 household incomes. Companies like Walmart are seeing more consumers who have that level of household income.
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