Today news
About the same in other media
Consumers Are Pivoting Spending to Services Like Dining and Travel
Reading now: 372
Americans responded to the pandemic with a dramatic shift in spending to goods from services. That now appears to be reversing and should gather steam as the Omicron wave of Covid-19 ebbs, economists say.
Consumers shopped more online in the pandemic, and changed what they bought. Unable to eat out or travel, and with both school and work going remote, they splurged more on things for the home such as furniture and computers. Several rounds of federal stimulus amplified that spending spree.
Read more on wsj.comAbout this in other media
Colorado's Crypto Move, Travel Rule & TRUST, Criminal Whales, Inflation in UK + More News cryptonews.com /2 years ago
Retail Sales to Show Consumer Appetite for Spending Amid High Inflation wsj.com /2 years ago
What to Expect When Consumers Don’t Expect Inflation to Last wsj.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
