In today's big story, we're looking at why the economy has most consumers feeling like they are stuck in place .
A "trapped in place" economy is in full swing.
Bad buying conditions coupled with everyday high prices means consumers can't make any major life changes , writes Business Insider's Emily Stewart.
But it's not the only area of the economy that's stuck, Emily writes.
So, while consumers lament being stuck in place, they should also avoid getting stuck looking to the past.
Persons:
—, Rebecca Zisser, Emily Stewart, it's, Emily, gunning, It's, Jerome Powell's, Tyler Le, Steve Mnuchin, Brian Moynihan, Instagram, Jensen Huang, Chelsea Jia Feng, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover
Organizations:
Service, Business, Tech, Federal, Wall Street, Investors, Blackstone, JPMorgan, MLB, Bank of America, mojo, Nvidia, Astera Labs, NASDAQ
Locations:
It's, Chelsea, New York, London