by Wolf Richter
Wolf Street
So are they going to spend less?
These are the American Consumers Hit by Brexit, Global “Uncertainty” Hurt Feelings of High-Income American Consumers
American consumers, who are supposed to keep the economy afloat, are getting antsy. But this time, it’s not the fault of consumers who saw the purchasing power of their stagnant incomes get whittled down by inflation year after year, or those who suffered pay cuts or layoffs. This time, it’s consumers who’ve been floating on top of the American economy. And Brexit did it.