Major airlines have come to increasingly rely on strong demand for their lucrative premium-class tickets—but multiple indicators show high-income Americans are pulling back on travel spending. https://t.co/HeZk9K2i0p📸: Daniel Slim/AFP via Getty Images https://t.co/nlGqXljEIa ...

Major airlines have come to increasingly rely on strong demand for their lucrative premium-class tickets—but multiple indicators show high-income Americans are pulling back on travel spending. https://t.co/HeZk9K2i0p📸: Daniel Slim/AFP via Getty Images https://t.co/Z1FlfcenjJ ...

Major airlines have come to increasingly rely on strong demand for their lucrative premium-class tickets—but multiple indicators show high-income Americans are pulling back on travel spending. https://t.co/HeZk9K2i0p📸: Daniel Slim/AFP via Getty Images https://t.co/EFBV41701v ...

Major airlines have come to increasingly rely on strong demand for their lucrative premium-class tickets—but multiple indicators show high-income Americans are pulling back on travel spending. https://t.co/HeZk9K2i0p📸: Daniel Slim/AFP via Getty Images https://t.co/okEcqqnRBP ...

Consumer Spending Trends - Bank of America Institute data indicates a 2% increase in debit and credit card spending in June [1] - While consumer spending rebounded in June, it didn't fully offset earlier declines, suggesting a cooling trend [2] - Lower-income households are primarily driving the pullback in spending, while higher-income household spending accelerated by 1.2% [5] - Discretionary travel spending is declining, but restaurant spending shows a dichotomy, with fewer households dining out but spending more per transaction [6][7] Income and Wage Growth - Higher-income households experienced accelerated after-tax wage growth, nearing 3%, for the third consecutive month [9] - Lower-income households saw decelerated after-tax wage growth, increasing by 1.6% compared to 1.8% previously [10] Credit Card Usage - Younger generations entering a challenging labor market are a focal point regarding credit card usage [11]