BofA: Spending Growth Slowing Among All Income Groups

pymnts.com/consumer-insights/2025/bofa-spending-growth-slowing-among-all-income-groups

New research from Bank of America (BofA) shows consumer spending slowing for all income levels.
That data, released by the Bank of America Institute on Friday (May 9), shows that consumer spending on inessentials has been declining since the year began.
“The gradual easing in consumer…

This story appeared on pymnts.com, 2025-05-11 23:01:05.
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