Financial Concerns Among Wealthier Americans
A survey by the Federal Reserve Bank of Philadelphia reveals that a significant number of Americans earning six-figure salaries are worried about paying their bills due to high inflation and borrowing costs. Wealthier Americans are cutting back on spending, including entertainment and dining out, to cope with financial pressure. Despite financial concerns, some consumers expect higher incomes and remain optimistic. TSA anticipates record air travel over the summer, with consumers continuing to spend on travel.