People Have Money but Feel Glum—What Does That Mean for the Economy?

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People Have Money but Feel Glum—What Does That Mean for the Economy?
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Despite the recession talk, consumers are financially strong and are still spending. Will inflation and the glum mood change that?

Inflation is melting away the value of household paychecks. Even so, household finances are as strong overall as they’ve been in decades, thanks to money saved during the pandemic, debt paid off over the past decade and a strong job market.

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