Analysts have told RT that soaring prices, not confidence, are driving higher spending
Americans are spending more on everything from groceries to gasoline because they are “optimistic” about the future, not because they are struggling with the rising cost of living, US President Donald Trump’s chief economic adviser has claimed – a view many economists dispute.
Appearing on Fox News Sunday, Kevin Hassett was asked why credit-card delinquencies have climbed to their highest level in 15 years as households increasingly rely on debt to make ends meet. Rather than pointing to financial strain, the director of the White House National Economic…
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