"U.S. Retailers Face Slowdown as Middle-Income Spending Declines"

Elevated inflation and high interest rates are straining US consumers, leading to flat retail sales and increased debt. Despite a strong job market, with low unemployment and rising wages, Americans are feeling financial pressure, causing a shift in purchasing behavior. Retailers like Walmart and Dollar General are seeing more frequent visits from higher-income shoppers, while middle-income consumers are cutting back on non-essential items. The economic outlook remains uncertain as recent data shows mixed signals.