U.S Households Cut Spending by $29.3 Billion in May 2025 as Incomes Dip Sharply
U.S Households Cut Spending by $29.3 Billion in May 2025:In May 2025, U.S. consumers faced financial pressure as personal income dropped by $109.6 billion and disposable income fell by 0.6%. Consumer spending declined by $29.3 billion, led by steep cuts in motor vehicle and gasoline purchases. While services spending slightly offset the downturn, the overall …
