Consumer Sentiment Rises, Low-Wage Workers Face Challenges, Holiday Spending Concerns

Consumer companies rise as muted inflation data raises hopes for improved consumer sentiment and more affordable housing. Low-wage workers face weakening leverage and slower wage growth, impacting consumer spending. Strong job and retail sales data may not indicate a stronger economy, but rather a reflection of fading economic activity driven by stimulus. US consumers may struggle to afford the holiday season due to high inflation, rising interest rates, and economic pressures.