US Economy: Recession Fears Rise Amid Income, Spending Drop

Imagine the US economy is like a person spending money.

In May, this person earned a little less money than before and also decided to spend less.

This is a bit worrying because spending is what keeps the economy going.

One reason for less spending was people buying fewer cars after rushing to buy them earlier.

Experts are now worried because spending has gone down, and they think that rising prices and tariffs could make things worse.

They are predicting slower growth for the economy, and there's even a chance that the economy might slow down a lot or have a recession.