American consumers may be starting to buckle. Here are 5 warning signs a spending slowdown is on the horizon.

• There are a handful of signals that point to the strong US consumer finally slowing down. 
• Macquarie strategist Thierry Wizman, foresees the US economy slipping into a consumer-led slowdown. 
• He said a downturn could hit sometime between now and the end of the first quarter of 2024.

American consumers are finally showing signs of slowing as they blow through their savings, and there are a handful of warning signs that the economy could soon tip into a spending recession.

Thierry Wizman, a strategist at Macquarie Global, foresees the US economy slipping into a consumer-led slowdown sometime between now and the end of the first quarter in 2024. A major pullback in consumer spending could force GDP growth to grind to halt, he told Insider, pushing the overall economy into borderline recession territory.