America’s Economic Paradox: Robust Growth Clashes with Deepening Consumer Pessimism
America’s Economic Paradox: Robust Growth Clashes with Deepening Consumer Pessimism Despite widespread public dissatisfaction, the U.S. economy continues to defy expectations, demonstrating surprising resilience through strong consumer spending and accelerating growth. Recent Commerce Department reports revealed consumer spending surged 0.6% in August, outperforming economic forecasts, while retail sales also climbed by the same margin. A revised report further confirmed that second-quarter GDP grew at its fastest rate in nearly two years, buoyed by this persistent consumer activity. Yet, this economic…