Consumers Shift Spending to Pay for Basic Staples, Citi CFO Says
Consumers Shift Spending to Pay for Basic Staples, Citi CFO Says
www.bloomberg.com Consumers Shift Spending to Pay for Basic Staples, Citi CFO Says
Credit losses are rising as US consumers shift spending to basic needs and away from purchases that aren’t vital, according to Citigroup Inc. Chief Financial Officer Mark Mason.
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In other news, water is wet.