5 economic signals suggest U.S. consumers are feeling the strain

For years, American consumers have defied predictions and kept the economy moving forward with their spending even amid a raft of financial pressures. Yet signs of financial strain are emerging as households grapple with the highest inflation rate in nearly three years.

5 economic signals suggest U.S. consumers are feeling the strain. For years, American consumers have defied predictions and kept the economy moving forward with their spending even amid a raft of financial pressures. Yet signs of financial strain are emerging as households grapple with the highest inflation rate in nearly three years. Consumer spending drives about 70% of U.S. economic activity, raising concerns about a slowdown if Americans pull back amid an ongoing spike in energy prices. "If gas prices stay elevated, middle-income families will likely face more tradeoffs. For most households, gas isn't optional — it's how they get to work, take care of their families and manage daily life," said Glenn Williams, CEO of Primerica, a provider of financial products. Inflation tends to hit low- and middle-income households hardest because t...