SVB硅谷银行：2025年消费互联网状况研究报告：投资趋势概览（英文版）

The US consumer is caught in a tug-of-war between exuberance and restraint. Optimism is creeping back, but inflation, rising debt and income disparities are dragging it back down. Disposable income is recovering, but lower-income households remain disproportionately affected by the rising cost of living. Debt pressures are also mounting, with missed payments on the rise, signaling financial strain for many households. While consumer sentiment has rebounded from its 2022 lows, it remains shaky