Skip to main content

Ask the News Top News Briefings Markets AI Market Briefs

Watchlist Bookmarks

Americans say they're broke. So why can't they stop spending so much? — Brief24

Ask the News Briefings Top News News Business Sports

Americans say they're broke. So why can't they stop spending so much?

Fox News·October 16, 2026 at 9:00 AM

foxnews.com

Consumer confidence is in the basement, yet consumer spending keeps rising. A financial expert reveals five essential reasons behind the disconnect.

Chat about this story

Quick actions

Chat about this story… or type / for commands

Brief24 AI

More stories

CNBC·1 day ago

Debt is eating up a bigger chunk of your raise, research shows

Middle-income Americans are feeling the squeeze

Business Insider·2 days ago

Middle-income Americans are feeling the squeeze

What the rich and poor have in common: They say they're living paycheck to paycheck

Business Insider·40 min ago

What the rich and poor have in common: They say they're living paycheck to paycheck

USD/EUR0.8895-0.42%
USD/GBP0.7502-0.75%
USD/JPY157.98+0.02%
USD/CHF0.8237-0.95%
USD/CAD1.414-0.52%
USD/AUD1.439+0.45%
USD/ILS3.111+0.45%
USD/CNY6.686-0.10%

Last updated 1 day ago

17°

Isolated showers

High 17°

Low 5°

Sat

17°

5°

Sun

15°

2°

Mon

17°

5°

Tue

19°

12°

Wed

17°

10°

S&P 500
7,659.44-1.09%
Nasdaq
26,140.03-2.15%
Dow Jones
52,002.41-0.34%
Russell 2000
2,721.37-1.66%
VIX
20.22+22.84%
DAX
25,622.61+0.95%
Gold
$4,188.40+0.44%
Brent
$109.67+3.54%
Bitcoin
$81,480-0.80%
TA 35
4,224.67+1.64%
TA 125
4,091.37+1.72%
TA Banks-5

Last updated 1 day ago

8,908.43+0.78%