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"Ain't No Stoppin' Us Now" is a 1979 disco song performed by R&B duo McFadden & Whitehead. American consumers agree. For a long time now, their doubters warned that a low savings rate, flatlining real disposable income, rising consumer debt, and mounting affordability challenges would force households to retrench. Instead, they continue to do what they do best, namely shop! A well-balanced labor market and the wealthiest retiring generation ever continue to power consumer spending.
Let's review the latest upbeat developments:
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