This critical data reveals the U.S. economy is on the brink of recession
Consumer spending, the backbone of the American economy, is flashing warning signs reminiscent of the run-up to the 2008 financial crisis.
According to Mark Zandi, chief economist at Moody’s Analytics, the latest data shows inflation-adjusted household spending has stalled in 2025, raising concerns about the broader economy, he said in an X post on August 31.


