Bank of America Warns Consumer Spending Momentum Easing Across All Income Levels, Number of Households Receiving Unemployment Payments Growing

Consumer spending is slowing down across all income levels, according to the Bank of America’s research arm. The Bank of America Institute says consumer transactions and spending on unnecessary expenses have been waning since the beginning of the year. source: https://dailyhodl.com/2025/05/10/bank-of-america-warns-consumer-spending-momentum-is-easing-across-all-income-levels-says-households-receiving-unemployment-payments-are-growing/