HSBC's Logan Says U.S. Consumers Are 'Simply Shopped Out'

The video discusses the recent disappointment in retail sales, attributing it to factors like cold weather and consumer fatigue after strong spending in November. It highlights the impact of wage increases and inflation on consumer behavior, noting that while wages rose, so did inflation, leading to minimal real wage gains. This situation caused consumers to dip into their savings to maintain spending levels.

How did inflation affect real wage gains and consumer behavior?

What strategies did consumers use to maintain their spending despite a decrease in savings?