18:I[66739,["/_next/static/chunks/0u0nyy7wb9me2.js?dpl=dpl_H6N8Ebtb9A1fyoMh3XHyqFps8fVc","/_next/static/chunks/05hx6kuf6-oy4.js?dpl=dpl_H6N8Ebtb9A1fyoMh3XHyqFps8fVc","/_next/static/chunks/0grzc_bs9nylk.js?dpl=dpl_H6N8Ebtb9A1fyoMh3XHyqFps8fVc","/_next/static/chunks/166.u_60qj09..js?dpl=dpl_H6N8Ebtb9A1fyoMh3XHyqFps8fVc","/_next/static/chunks/0g9_wl34k-6l4.js?dpl=dpl_H6N8Ebtb9A1fyoMh3XHyqFps8fVc","/_next/static/chunks/06dn~uer6.43l.js?dpl=dpl_H6N8Ebtb9A1fyoMh3XHyqFps8fVc"],"default"] 1a:I[38632,["/_next/static/chunks/0qqtp3r0h7kah.js?dpl=dpl_H6N8Ebtb9A1fyoMh3XHyqFps8fVc","/_next/static/chunks/0iukvycbd42rl.js?dpl=dpl_H6N8Ebtb9A1fyoMh3XHyqFps8fVc"],"IconMark"] 19:T54b,

Jharonne Martis discusses the state of the consumer and how the affluent consumer is driving growth in the retail space while the middle and lower classes are being squeezed. Even with weakness in discretionary spending, Jharonne highlights winners in stocks like Walmart (WMT), Amazon (AMZN), and Costco (COST) as consumers seek to spend less. Despite this, she warns that tariffs are likely to cost global businesses $1.2 trillion.

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Affluent Consumers Drive Growth as Tariffs Threaten Retail Stability

Schwab Network

Affluent Consumers Drive Growth as Tariffs Threaten Retail Stability