The low-income consumer is still spending, says BofA's David Tinsley

David Tinsley, senior economist at the Bank of America Institute, joins 'Power Lunch' to discuss the health of the consumer and their spending habits.

[@Madamchief]

Waaatt?? People are still choosing to continue eating? What's going on?😮

[@Shartlyfartly]

Lol

[@TheCatslock]

Rise of credit card spending is a sign that cash/debit is low. Rise of basic costs like food/water/electric/gas car/rent spending is putting America on a crunch timer. The rise of homelessness do to housing cost being out of reach and medical debt piling up is going to crash the economy.

[@clifftanch]

Puzzling to have a comparison with start 2023, not sure why that’s relevant?

[@briantep458]

i mean the only other option is homelessness