Kraft Heinz CEO: "Consumers Are Literally Running Out Of Money Toward The End Of The Month"
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Source: Zero Hedge
Published: 2026-05-11 09:50 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Education, Technology & AI, Economy & Finance, Financial Markets, Business & Economy, Technology
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Snippet:
While the digital US economy, if proxied through the earnings growth and stock prices of AI companies and their "picks and shovels" support ecosystem, has never been stronger, the traditional US consumer, responsible for 70% of US GDP, has rarely been more depressed than right now (and according to the latest University of Michigan sentiment survey, Americans have literally never been more pessimistic).
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