Moody’s economist: US avoids recession if well-to-do ‘keep spending’

The economy's prospects are reliant on the 'fortunes of the well-to-do' says Moody's, if the ultra-rich get nervy that means recession

Spending by America’s wealthiest households is powering the economy, Moody’s warns, while the bottom 80% have only kept pace with inflation.

Moody’s economist: US avoids recession if well-to-do ‘keep spending’

Moody’s Analytics chief economist Mark Zandi said Tuesday the U.S. economy will likely avoid a recession if the wealthiest individuals continue to spend at the current rate. In a post on the social platform X, the chief economist highlighted updated charts showing spending levels by income group, saying the new data suggest “the U.S. economy…

US Can Avoid Recession If 'Well-To-Do' Continue To Spend, Says Moody's Economist: 'If They Turn More Cautious...'

Mark Zandi, the chief economist at Moody’s Analytics, highlighted the role of the wealthy in driving the U.S. economy. Top 20% US Households’ Spending Outpaces Inflation Zandi took to X to point out that the spending of the top 20% of U.S. households has significantly outpaced inflation since the…

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