I’m Chris Anstey, a senior economics editor in Boston and today I’m looking at Katia Dmitrieva’s reporting on the US consumer. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
For years, Americans have been on a massive spending binge, first on goods — everything from cars and bikes to electronics while they were living, studying and working at home — then on services they were unable to enjoy during pandemic lockdowns.