Post #927 by jerryab on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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"Higher-income customers have been a meaningful growth driver for us,"

This is the proof of the beginning of the collapse of the Spankee economy. If people doing the buying had more (or even the same) "REAL" income, then no need to "trade down". Shoppers typically begin to "trade down" when their "REAL" incomes go DOWN.

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