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THE DAILY PULSE
U.S. Consumer Spending Loses Momentum in August: What the SMI Reveals
Visa’s U.S. Spending Momentum Index fell in August, slipping into contraction at 97.7 as job growth and wages slowed.
Discretionary and gas spending weakened, while restaurants stood out, rising as consumers redirected savings from lower gas prices.
Households are spending more selectively—prioritizing essentials and experiences over non-essentials.
Sep 172 min read
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