Americans Keep Spending Despite High Inflation in July
US consumer spending rose 0.5% in July despite elevated inflation, boosted by Prime Day, back-to-school shopping, and strong wage growth. Americans Kept Spending Last Month Despite Elevated Inflation Introduction Even with elevated inflation, Americans continued spending in July 2025, driven by Prime Day discounts, back-to-school shopping, and strong wage growth. According to the Commerce Department’s … Read more