Consumers are not quitting when it comes to spending, more fuel for the inflation fire. Retail sales surged by 1.3% ($694.5 billion) in October (8.3% above October 2021). Retail sales, which are not adjusted for inflation, were up by 8.3% for the 12 months ended in October.

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by Dismal-Jellyfish

Source: census.gov

Judging by the Q3 Report on Household Debt and Credit: The 15 percent year-over-year increase in credit card balances marked the largest in more than 20 years, it was on credit cards.

Walmart’s Doing Great. Its Customers, on the Other Hand …

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