Your English writing platform
Discover LudwigSimilar(60)
The figure reflects a dampening of consumer spending.
That means a lot of consumer spending.
Contraction of consumer spending is therefore inevitable.
After increasing r, the dynamics of consumer spending is the same as for (r=0.03).
The other 24% of consumers spend based on income allocation.
"There has been a reduction in spending in all segments of consumers, from the ultra-wealthy to the wealthy to the average American," says Milton Pedraza, CEO of the Luxury Institute, a New York-based market research firm.
"The rate of increase in consumer spending remains modest".
Since two-thirds of our economy is powered by consumer spending, it is that segment that will increase the buying.
In addition significant differences between segments of consumers were found.
Retail sales account for about 30 percent of American consumer spending.
That is just 0.1% of American consumer spending.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com