news • 2 months ago

Consumers Shift Spending to Pay for Basic Staples, Citi CFO Says

☆ Yσɠƚԋσʂ ☆@lemmy.ml to

news • 2 months ago

17 Comments

Credit losses are rising as US consumers shift spending to basic needs and away from purchases that aren’t vital, according to Citigroup Inc. Chief Financial Officer Mark Mason.

https://archive.is/UKTW6

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Beaver [he/him]
·
2 months ago
But I thought it was supposed to create property and plenty for everyone

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