JPMC Data: Economy Looks To Be Stalled
PYMNTS
AUGUST 5, 2020
The numbers include a rise in spending at supermarkets and wholesale retailers, while other places like restaurants, gas stations and hotels had sharp declines, according to CNBC. Age was also a factor, with millennial and Generation Z consumer spending down 4 percent and baby boomer spending down as much as 18 percent.
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