Council on Foreign Relations 4d ago

“The consumer has also been resilient. We sometimes forget how strong America is because of that—the affluent consumer base that is here in comparison to other countries, and that consumer has also been resilient,” says Jane Fraser, CEO of Citi. “They’ve had two legs to their income, which other countries—my former one does not have because it’s not only got wages, but for so many the savings and investments they’ve made has given a second leg to their financial well-being but also to their prosperity.” Subscribe to our channel: https://goo.gl/WCYsH7 This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy. Visit the CFR website: http://www.cfr.org Follow CFR on X: http://www.twitter.com/cfr_org Follow CFR on Facebook: https://www.facebook.com/councilonforeignrelations/