Early consumer earnings make the wealth effect clear
Published on: Oct. 22, 2025, 7:20 a.m. | Source: The Economic Times
Prominent brands like Coke, 3M, General Motors, and Philip Morris are witnessing a notable strength in consumer spending. However, this strength is not universal. Affluent shoppers are driving economic growth with their spending, whereas consumers on the lower end of the income spectrum are struggling.
