Do you own a pair of Crocs? Or maybe several pairs? Well, then you're helping fuel the brand's recent sales boom. According to the New York Times, Crocs saw a massive increase in sales during the early days of the pandemic, and the trend isn't slowing down. Since 2019, sales are up a whopping 200 percent. And it's not just everyday people rocking the footwear. Celebs haven't been shy about getting in on the trend. Nick Cannon sported a pair at a 2021 award show, while Quest Love stepped onto this year's Oscar Red Carpet in a pair of black Crocs.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
The U.S. economy added 272,000 jobs in May, far more than expected. But that number doesn't tell the whole story. Interest rate cuts could still be on the way.
