AP Business SummaryBrief at 6:08 a.m. EDT
Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
Source: mankatofreepress.com
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AP Business SummaryBrief at 10:22 a.m. EDT
Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
Source: mankatofreepress.com
New Yorkers are so wealthy that 67% of home purchases are all cash - even with an average price of $2million! Here's why more people (not just in the Big Apple) are going mortgage-free
With mortgage rates nearly double their early 2022 levels, wealthy Manhattan buyers are opting to pay cash - at record levels.
Source: dailymail.co.uk
Reconsidering the American Fridge
Is there any day of the year that tests the capacities of affluent Americans’ French-door refrigerators as much as Thanksgiving? When else do you need to stuff a giant bird carcass, cranberries, pie crust, a wide array of vegetables, and more into a fridge already containing regular groceries? Then there’s the matter of storing the leftovers.In the past century, artificial refrigeration has completely transformed the American food system. Home refrigerators allow people to keep perishables for l
Source: yahoo.com
High-End Retailers Face Downturn As Wealthy Americans Cut Back On Spending
High-End Retailers Face Downturn As Wealthy Americans Cut Back On Spending As Black Friday looms, a concerning trend has emerged: Affluent Americans are…
Source: biztoc.com