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6 days agoUS Firms Warn of Consumer Weakness as Income Gap Widens
A Reuters survey revealed major US companies, including retailers and automakers, are trimming year-end forecasts due to widening income inequality. Middle-income households have slowed discretionary spending, pressuring sales across apparel, durable goods, and autos. Executives at Walmart and Ford signaled shifting consumption patterns, with premium brands outperforming mass-market segments. Analysts warn the divergence could dampen Q4 GDP growth if wage growth fails to catch up with inflation-adjusted demand.
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negative
6 days agoUS Firms Warn of Consumer Weakness as Income Gap Widens
A Reuters survey revealed major US companies, including retailers and automakers, are trimming year-end forecasts due to widening income inequality. Middle-income households have slowed discretionary spending, pressuring sales across apparel, durable goods, and autos. Executives at Walmart and Ford signaled shifting consumption patterns, with premium brands outperforming mass-market segments. Analysts warn the divergence could dampen Q4 GDP growth if wage growth fails to catch up with inflation-adjusted demand.
Explore:Mutual Fund Tools
negative
US Firms Warn of Consumer Weakness as Income Gap Widens
6 days ago
1 min read
68 words
US companies are warning of slower demand as income disparity rises, with middle-class consumers cutting discretionary spending across retail and autos.
A Reuters survey revealed major US companies, including retailers and automakers, are trimming year-end forecasts due to widening income inequality. Middle-income households have slowed discretionary spending, pressuring sales across apparel, durable goods, and autos. Executives at Walmart and Ford signaled shifting consumption patterns, with premium brands outperforming mass-market segments. Analysts warn the divergence could dampen Q4 GDP growth if wage growth fails to catch up with inflation-adjusted demand.
A Reuters survey revealed major US companies, including retailers and automakers, are trimming year-end forecasts due to widening income inequality. Middle-income households have slowed discretionary spending, pressuring sales across apparel, durable goods, and autos. Executives at Walmart and Ford signaled shifting consumption patterns, with premium brands outperforming mass-market segments. Analysts warn the divergence could dampen Q4 GDP growth if wage growth fails to catch up with inflation-adjusted demand.
Companies:
Walmart
Ford
Tags:
US economy
retail
US economy
retail
automotive
income gap
consumer spending
Oct 24, 2025 • 20:05 IST