@bloombergbusiness: "The fundamental thing that's really important is unemployment is low, and people have jobs. As long as we have that, I think the lower-end customer holds in," says Citizens Financial Chairman and CEO Bruce Van Saun. #business #economy #money #wages

Bloomberg Business
Bloomberg Business
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Region: US
Tuesday 16 June 2026 17:16:58 GMT
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kencalavera
KenCalavera :
2026-06-16 18:24:16
7
thegnoat
TheGNOAT :
We need Universal Basic Income because the economic model we rely on today is becoming less sustainable with every major leap in AI, automation, and robotics. Businesses are designed to maximize profits and reduce costs, and employees are treated as expenses on a balance sheet. Relying almost entirely on businesses to distribute survival through wages made sense in an industrial economy, but in an age of AI & automation driven productivity, we need systems that ensure technological progress benefits society as a whole, not just shareholders and executives.
2026-06-16 22:36:38
2
empress_jen
Empress_jen :
We are all eating cake, sir.
2026-06-16 22:15:37
0
old_school399
Old_School :
Do we really need banks?
2026-06-16 18:48:46
14
kk_18s
KK :
He is spending your money well
2026-06-16 17:29:24
14
thatbeachymama
Carolina :
I’m tired of being “resilient”. Can we just have wages that AT LEAST keep up with inflation??
2026-06-16 19:44:08
0
babavanga7777777
Baba Vanga :
boycott Citizens Bank
2026-06-16 18:38:13
4
amandas2682
Amanda :
What else can we do!?! We have to eat! I do t buy anything extra and only buy food.
2026-06-16 18:48:09
9
terribee_
terribee_ :
Unemployment is low?!? Huh?!?!
2026-06-16 21:44:32
0
eaglepass86
Jesus Cervera :
Credit card usage at an all time high
2026-06-16 18:36:50
3
nicksqwsa
nick nicks :
Is that Herman Munster! 😂
2026-06-16 21:00:26
0
ymmartin1
ymmartin :
That's what these CEOs depend on, American consumers doing the heavy lifting of spending. These companies tho will squeeze workers never thinking these are the same consumers they praise. Corp America is a leech on America.
2026-06-16 18:22:01
1
mikeccr92
MJRL1992 :
spent his bonus on that rug
2026-06-16 18:21:02
2
khayy2x
🥷🏿🇯🇲 :
resilient ❌️forced ✅️
2026-06-16 17:21:00
3
retrosp3kt
40YearWarmUp :
that hair piece is resilient
2026-06-16 18:26:46
1
familias_sin_fronteras
Familia Sin Fronteras :
We spend more because everything costs more. it's only a benefit to them.
2026-06-16 17:21:51
2
mr..whiskers58
Mr. Whiskers :
Trump cancelled a 300 million dollar program for screw worm and now he's spending a billion dollars to fight screw worm. Trump ripped up a billion dollar Iran deal and is now offering 325 billion dollars to Iran to get the deal back.
2026-06-16 17:50:30
1
scottbuck110
Scott Buck :
yep. the middle class and the poor always have to be " resilient". always have to stretch. always have to put off "catching up" to " the future".
2026-06-16 19:16:30
0
watchyourpurse
Dajae | Money Counselor :
The wealthy telling the middle and impoverished classes to figure it out while they have begged for handouts is INSANE!!
2026-06-16 19:55:09
0
dtskitowngirl
Dt Skitowngirl :
So condescending.
2026-06-16 21:07:01
0
daileygoatmilk
Dailey Goat Milk :
“citizens are a little more stretched”
2026-06-16 20:37:16
0
royalchiefjayhawk
J W :
Translation: "We've figured how to squeeze every last dime out of consumers."
2026-06-16 20:44:06
0
marcus_moves
Marcus_Moves :
Not resilient, the consumer is addicted to debt
2026-06-16 21:28:29
0
nightdriver56
nightdriver5669 :
is he melting
2026-06-16 21:28:50
0
sonofthefort
SonOfTheFort :
Until a breaking point
2026-06-16 17:28:59
0
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