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Credit-Card Spending Belies Consumers’ Glum View of the Economy
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U.S. consumers say they aren’t feeling great about the economy. But they have a curious way of showing it.
Pessimism about the economy has been on the rise due to surging inflation and falling household income since pandemic-related stimulus programs expired. But the latest round of bank earnings shows that apprehension hasn’t kept Americans from reaching for their credit cards.
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