This critical data reveals the U.S. economy is on the brink of recession

Consumer spending, the backbone of the American economy, is flashing warning signs reminiscent of the run-up to the 2008 financial crisis.

According to Mark Zandi, chief economist at Moody’s Analytics, the latest data shows inflation-adjusted household spending has stalled in 2025, raising concerns about the broader economy, he said in an X post on August 31.

To this end, Moody’s Analytics data indicates that real consumer spending in 2025 has grown only slightly through July, marking the weakest performance since the 2008–2009 recession.

By Paul L

Full story at Fin Bold