The renter is now outspending the homeowner. Sit with that.
Renters' card spending jumped 5.8% YoY in July, up from 0.5% a year earlier, topping homeowners at 4.9%. Renters even grew their home-improvement spending while homeowners cut theirs.
Lower rent bills are freeing up… pic.twitter.com/dK1MrnO8Dz
— Kurt S. Altrichter, CRPS® (@kurtsaltrichter) August 31, 2026
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