[Economist: Rising Energy Costs Weaken U.S. Household Spending Power] Odaily Planet Daily News - Generali Investments senior economist Paolo Zanghieri pointed out that the continuous rise in energy costs and persistent inflation are impacting U.S. households, while real income growth has already slowed, leading to a weakening momentum in consumption growth. It is expected that by 2026, the consumption growth rate of U.S. households will be only 1.7%, about one percentage point lower than in 2025. The main reason for the slowdown in consumption growth is the deterioration of the labor market. Employment growth in the private sector has essentially stalled, recruitment activity is at its lowest level since April 2020, and the decline in resignation rates indicates that future wage growth will slow. (Jin10)