as well. Consumer spending rates and personal income may continue to dip even lower without government aid in sight, which could spell trouble for retailers and payments players as the holiday season approaches.
Because stimulus payments could uplift the entire payments ecosystem, the confusion over what's next could sow challenges. A second release of stimulus payments would be important for retailers in the coming weeks. Retailers benefited from the boost in consumer spending resulting from the first round of stimulus payments: Walmart posted strong results, for example, as US same-store sales grew
Don’t count on Stimulus payments. Neither party are interested to deliver. Americans with unemployment and uninsured are going to face consequences, so am I.
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