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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