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Peter's Blog

Get the latest headlines, market analysis, and original content from SchiffGold.

Posts Tagged: “rich“

November 26, 2019 Key Gold Headlines

Recession Early Warning? Spending By the Wealthy Is Slowing

America’s economy is built on consumption. Average Americans have been pushing the US economy along, spending money they don’t have. But as we’ve reported, there are signals that the credit cards might be close to maxed out. Now there appears to be another warning sign – the wealthy are reining in their spending.