While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

High oil prices due to the US-Iran war are straining already strapped low-income consumers. But as rates fall, there is a sign that high earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card usage revealed that from the start of the war through March 21, … Read more

Pessimism begins in Europe as the Iran war hits the economy and consumer confidence

The conflict in Iran enters its fifth week as the Houthis attack new territory

Shoppers walk past fruit and vegetable stalls at the Bauveau Market in Paris, France, on Wednesday, February 15, 2023. Bloomberg | Bloomberg | Getty Images Economic and consumer confidence fell in Europe in March, according to official data released on Monday, in the latest evidence that the war in Iran is weighing on growth and … Read more