Americans losing spending power – Bloomberg   ...News

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The number of households reporting tumbling incomes is growing, a survey has found The number of US adults with declining incomes has soared in recent weeks in a sign of a weakening labor market, Bloomberg reported on Wednesday. The share of households facing a drop in their incomes rose from 10.7% in August to 11.8% last month, the outlet said, citing a survey of the US labor market by data intelligence company Morning Consult. The increase was mainly driven by high- and middle-income families and the West region of the United States. About 20% of adults polled, who earn $100,000 or more annually, reported that t

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