U.S. shoppers sharply boosted spending at retailers in July despite higher prices

"" Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates.""

Well done America, As always when the going gets Tough, the TOUGH gets going.

"U.S. shoppers sharply boosted spending at retailers in July despite higher prices."

Statistics damn statistics, numbers don't lie it's people who lie with numbers. As rosy the situation seems to be the spending is more debt in credit cards. This captures and concludes the whole scenario better than ever.

"Still, some economists worry that much of Americans’ spending now is being fueled by the increased use of credit cards. And the proportion of Americans who are falling behind on their credit card payments, while still relatively low, has been rising."

Very true!!