![PayPal warns that consumers will spend less as stimulus runs out.](https://abc17news.b-cdn.net/abc17news.com/2022/02/hypatia-h_660e356ecec68d1bd171f020d9f899a6-h_7c9530eb3c46ebf5449e714bd454bec1-300-375x225.jpg)
PayPal warns that consumer spending is about to fall sharply
By Paul R. La Monica, CNN Business Omicron, inflation and a lack of government stimulus have some Venmo users nervous about spending money from their digital wallets. That’s bad news for Venmo owner PayPal — and a potential warning sign for consumer spending in general. PayPal executives warned during the company’s earnings call with analysts
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