29-March-2025
Economy News
 
US consumers reduce spending as inflation, debt rise, reports Synchrony
26-Mar-2025

US consumers are starting to curb their spending in response to high prices and a worsening economic outlook, according to consumer finance company Synchrony Financial. Americans have been accumulating more debt amid strain in their finances, with delinquencies edging up for auto loans, credit cards and home credit lines, the Federal Reserve said last month.

News Source:- https://www.business-standard.com/world-news/us-consumers-reduce-spending-as-inflation-debt-rise-reports-synchrony-125032500893_1.html
 
 
 

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