How One Tax Credit May Be Fueling Luxury Travel

Stock, Trading, Monitor, Business, Finance, Exchange

Image source: Pixabay


Yahoo Finance asked 50 top economists, strategists, and advisors for the one chart they are watching right now. QI Research CEO and Chief Strategist Danielle DiMartino Booth explains why she is watching how the Employee Retention Credit is fueling luxury spending and travel. DiMartino Booth argues that the credit is being used by America's top earners, who are "largely" taking the funds and "splurging on fancy international travel".

Video Length: 00:06:27


More By This Author:

The Drivers Of Consumer Spending, More Layoffs, Investment Implications
'Controlled Demolition': Expect More Bank Failures As Fed Keeps Rates High
U.S. Economy Saw Most Positive Surprises Since 2021 — "Recession" Mentions Down

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with