Alarm Bells, Too Much Credit, Health of Housing 7/19/23
The Exchange
00:00
Small Business Payroll Payments Are Up 2% in June
The only sector where we saw all groups spending more money is restaurants. If you're looking at lodging, their payroll spending growth is up 13%, 6%. But those are usually what we think of as lower income, lower earning sectors. The aggregate credit and debit card spending is down 0.2% year on year.
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