U.S. economy feels the pinch as low-income consumers cut spending - The Washington Post

Working-class Americans — already up against waning wage growth and rising housing and electricity costs — are easily burned by any increase in grocery prices and tariff-fueled increases on household staples, apparel and furniture, according to recent Moody's Ratings report. They're increasingly dipping into their savings, racking up more debt, and pulling back on discretionary spending, according to recent government data, analyst reports and retail executives...

https://www.washingtonpost.com/business/2025/09/20/low-income-spending-economy/