The Deceptive Recovery in Retail Sales Can’t Last

October 6, 2020

Article by:  Andrew J. Nelson

Retail sales climbed back to record levels in June and continued to grow in July and August—despite painful levels of unemployment and income loss. But the good times will not last much longer. The massive government income support programs that funded consumer spending are ending, while shoppers will need to resume normal household necessities like rent and health care.

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