Despite economic uncertainty, consumers ‘just keep spending’

Despite economic uncertainty, consumers ‘just keep spending’

Despite dour consumer sentiment and economic uncertainty, Americans are still spending freely with their credit cards, The Wall Street Journal writes.  Major issuers, including JPMorgan Chase, Bank of America and Capital One, reported strong third-quarter gains in card spending—up 7.5% year over year—alongside easing delinquencies and renewed lending confidence. Most of the growth is being driven by affluent customers with premium, high-fee card…