Wednesday, June 18, 2025

Big Spenders Prop Up US Consumption

Big Spenders Have Banks Raising Prices, Perks on Premium Cards
https://www.bloomberg.com/news/articles/2025-06-18/chase-sapphire-reserve-card-vs-amex-platinum-banks-raise-fees-perks
Sweeter benefits — and higher fees — on travel cards from Chase and Amex reflect a new US economic reality, with the richest households driving half of all consumer spending.