Siebert Financial flags consumer strain as spending outpaces income growth

• Siebert Financial warned that rising retail sales may mask weakening consumer purchasing power, with household spending outpacing income growth.
• September retail sales rose 0.8%; excluding gas stations, growth was 0.2%, statistically indistinguishable from zero.
• August personal spending increased 0.9% versus income growth of 0.2%, highlighting pressure on household finances.
• The personal saving rate fell to 4.1% from 4.6% in July, suggesting households increasingly relied on reserves to sustain spending.
• Retail investors should distinguish price-driven revenue growth from sales volume gains, while assessing customer demographics and exposure to rising freight costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Siebert Financial Corporation published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.