Dossier
Axios Visuals
Coverage of Axios Visuals in the Nexus archive.
- Americans are spending faster than their income is growing
Americans are spending faster than their income is growing, with the personal saving rate falling to 2.6% in April, its lowest since mid-2022. Rising energy costs from the Iran war and stagnant incomes are driving households to draw down savings, raising concerns about a potential pullback in consumer spending and economic growth.