Americans Are Still Spending Big

“Americans might say they’re upset about rising prices and losing confidence in the economy, but that hasn’t stopped them from snapping up cars, electronics, sporting equipment and other big-ticket items,” the Washington Post reports.

“Retail sales jumped 1.7 percent in October, marking a significant acceleration in spending from September… And despite new data showing that consumer confidence is at a 10-year low, they seem to be shrugging off the higher prices on gas, groceries and other everyday goods.”