Luxury Spending Drives US Economy Amidst Inflation
Update: 2025-09-19
Description
Luxury credit cards are the latest sign that the wealthy are driving the US economy. American Express just hiked its Platinum card fee to $895, offering more perks for big spenders, while Chase is doing the same. As the Fed eyes rate cuts due to job loss concerns, this trend highlights the widening gap between the top earners and everyone else.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
