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Economic resilience is a very real issue. Over the past 50 years, the company's credit business has performed well. (Bloomberg TV)

Under the pressure of price affordability, consumer spending varies across regions, and the divide among different income groups is becoming increasingly pronounced. High-income households remain resilient and are less sensitive to price increases; middle-income households are described as "trying to squeeze more value out of every dollar before making purchasing decisions"; while low-income consumers face greater financial stress. Expand Related articles: Federal Reserve Beige Book: Out of the twelve Federal Reserve Districts, ten reported economic activity growing at a slight to moderate pace, one district reported a slight decline, and another reported no change. Under the pressure of price affordability, consumer spending varies across regions, and the divide among different income groups is becoming increasingly pronounced. High-income households remain resilient and are less sensitive to price increases; middle-income households are described as "trying to squeeze more value out of every dollar before making purchasing decisions"; while low-income consumers face greater financial stress.

According to ChainCatcher, citing Golden Ten Data, the Federal Reserve's Beige Book shows that overall, prices have risen at a moderate to strong pace, and inflation levels in most regions are higher than those in the previous report.