By now, many of us are more than familiar with the nervous consumer culture we are currently experiencing. Despite whispers that inflation is easing some, it remains a growing concern for many. On May 16, the U.S. Census Bureau released retail spending results for April. Remember, major holidays that often involve spending and gathering, including Passover, Easter, and Eid, took place during the month.
Despite the holidays, the April numbers are telling. What they’re telling me is that consumers continue to offset higher costs by prioritizing their spending and allocating their money more mindfully. We have a long way to go before a majority of us are ready to spend like our money is “going out of style.”
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