Commentary
Since the recovery from COVID-19 lockdowns began, U.S. households have provided the economy’s driving force. Homebuying and homebuilding boomed, and retail purchases soared in 2021 and early 2022.
Viewpoints
Opinion
Faltering American Consumers
Consumer cutbacks make for recessionary prospects in 2023
Shoppers wait in line at a Publix in Nashville, Tenn., on Dec. 22, 2022. Seth Herald/AFP via Getty Images
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
