AT&T CEO Says Economy Hard to Gauge as Consumers Diverge – Businessweek

AT&T Inc. (T) (T) Chief Executive Officer Randall Stephenson said traditional economic indicators have become less reliable as the spending patterns of affluent and lower-income Americans grow further apart.

An economy of haves and have-nots is evident in both the consumer and business sectors, Stephenson said in an interview last week at Bloomberg headquarters in New York. Companies and individuals with money are spending it, while the rest are more constrained than usual, he said.

via AT&T CEO Says Economy Hard to Gauge as Consumers Diverge – Businessweek.

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