Goldman Unexpectedly Finds Signs Of Life In Working-Poor Consumer

Amid doom-and-gloom inflation forecasts from Democrat-leaning UMich respondents and port shortage panic fueled by left-leaning corporate media, Goldman analysts have uncovered something very unexpected: early signs of life among lower-income consumers.

Goldman analysts Kate McShane, Mark Jordan, and others published a note to clients on Tuesday, analyzing lower-income consumers through the lens of online trends—such as app downloads, web traffic, and store traffic—for select discretionary retailers, including AAP, BJ, TGT, and WSM.