Americans Feel Broke, but Their Spending Habits Say Otherwise

Americans Feel Broke, but Their Spending Habits Say Otherwise

A new Fed study found consumer sentiment is becoming a less reliable indicator for the real economy.

Treasury Secretary Bessent: Americans’ Spending Doesn’t Match Polls

Treasury Secretary Scott Bessent, responding Sunday to a new Washington Post/ABC News poll showing President Donald Trump’s polling numbers on the economy being underwater, said consumers’ spending habits don’t match up with what the surveys are saying.  “For the past 35 years, my business was analyzing data, so I think we’ve probably got to dig down into those,” Bessent told ABC News “This Week” host Martha Raddatz. “What I do know is that Amer…

Treasury Secretary Bessent: Americans' Spending Doesn't Match Polls

What I do know is that Americans are behaving very differently from what the surveys say, Treasury Secretary Scott Bessent said. So the surveys may say that, but consumers are still spending. So I prefer to look at what Americans are doing rather than how they're answering pollsters.

Treasury's Bessent vows to keep U.S. 'the best place for capital to arrive'

U.S. Treasury Secretary Scott Bessent appeared on CNBC’s “Squawk Box” on Monday morning, offering a wide-ranging update on trade negotiations, global capital flows, and the administration’s economic strategy amid intensifying tariff discussions with China. Bessent reiterated on CNBC that while…