How Will Consumers Spend Their Money This Holiday Season? An Economist Explains
13 Dec 2022
For much of this year, the American economy has undergone an unprecedented structural shift. Billions of dollars in spending by consumers moved from goods — the stuff we consume and use — to services. But many of these same services will come under threat in an economic downturn, and risks to industries producing both goods and services will likely last throughout the winter. So where will the economy finally land?