Just want people’s opinions/thoughts/impressions on whether they think the “resilient American consumer” will or will not slow their spending in the next quarter or two.
Revenge spending for a lack of a better term can only continue for so long. With rising credit card debt (notable that this is growing from purchase of essentials like food — https://www.theguardian.com/business/2022/nov/06/britons-turn-to-credit-cards-and-loans-to-cover-basics-as-cost-of-living-crisis-bites) and the spectre of rising fuel prices to warm homes this winter, I personally feel that there is a good chance that this holiday season will be the consumer’s last gasp before reeling in their spending.
Happy Thanksgiving all.
Source link
