Advisors not seeing a spending slowdown
'If anything, rising interest rates have dramatically increased the income [retirees] are able to generate from their cash and fixed-income investments, which has improved their cash flow,' an advisor says.
The latest economic data show Americans are continuing to open their wallets despite the rise in interest rates and stubbornly high prices.
Apparently, financial advisors keeping a sharp eye on their clients’ accounts aren’t seeing much of a spending slowdown either.
Consumer spending clim
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