Consumer spending set for strong growth during 2021–2022 With fears of the virus declining due to rising vaccinations, it is likely that the country could edge back to the prepandemic normal by the end of this year. As businesses offering consumer services ramp up after more than a year’s...
Over the past few quarters, different narratives have emerged about consumer spending — it’s up, it’s down, it’s growing but at a slower pace — with differing results on a month-to-month, year-over-year, or quarterly basis. For investors, the important trends aren’t always easy t...
Current Spend Trends Consumer spending habits are influenced by a multitude of factors, including economic conditions such asfluctuations in job marketsand the impact of inflation. We collected and analyzed data on Americans’ current spending priorities and financial goals and have authored aneBook, wh...
Consumer trends and spending in 2022 As shoppers look toward the new year, they’re envisioning new adventures, opportunities to grow, and more quality time with loved ones. Whether they take the “treat yo’ self” route or a more frugal tack, retailers can expect more spending on the prod...
With these trends in mind, a new year often signals a fresh start and good intentions, illustrated by an uptick in web searches for “gym memberships” each January. BofA internal data shows that between 2010 and 2019, credit and debit card spending per househ...
Top Consumer Spending Trends in 2023 1. US consumers are spending more conscientiously right now. More than a third (35%) of US consumers are planning to make fewer purchases due to a possible recession. Additionally, 29% are planning to spend money more conscientiously than they have in prev...
Expectations for spending on semidiscretionary items followed typical seasonal trends. For example, consumers planned to spend less on fitness and wellness services, a pattern that usually follows a spike in spending on this category—often attributed to New Year’s resolutions—that occurs at ...
Consumption of final goods is the result of and ultimate motivation for economic activity. This is because all goods that are consumed must first be produced. Consumer spending is a major component of the demand side of thesupply and demandthat shape the market. Production of consumer goods is...
In this report, we highlight five trends that are shaping consumer behavior. Our analysis draws on an extensive nationwide survey of over 6,700 Chinese consumers conducted in July 2022, a separate “Pulse” survey of consumer attitudes in China and several other markets, online transaction data ...
Britons avoid the pub as cost of living weighs on leisure spending Deloitte survey shows people opting to spend less money on social drinking than at any time since lockdown April 20 2024 Claer Barrett Heaven preserve us! Meghan’s jam brand may have a sticky start ...