As retailers reported their earnings, it was clear that despite previous fears of a slowdown, many companies have seen strong performance over the summer months.
'The U.S. consumer is three consumers,' noted Jefferies consumer strategist Carey Kaufman, highlighting how different income groups are experiencing the economy in unique ways.
While higher-income brackets thrive with rising home values and a robust stock market, the bottom income quintile faces significant challenges, indicating economic disparity remains.
The perspective from auto parts and dollar stores reveals underlying concerns, as their customer base, primarily from lower-income households, is showing signs of financial strain.
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