Skip to content


Previous article
Now Reading:
America: The Nation of Reluctant Spenders Amid Inflation

America: The Nation of Reluctant Spenders Amid Inflation

Despite rising inflation and growing consumer frustration over high prices, Americans continue to spend. Retail sales rose by 0.7% in March, reaching $709.6 billion, with consumer spending remaining robust even in the face of economic uncertainty. This phenomenon, termed "hate spending," is driven by a mix of financial stability, psychological resignation, and a desire to maintain lifestyles and social status. Consumers are aware of the inflated prices but choose to spend on both essentials and luxuries, influenced by cultural consumerism and a YOLO attitude. This spending trend is supported by strong labor markets and wage growth, although there are signs of financial strain in some sectors, particularly among lower-income households. The ongoing consumer expenditure raises questions about sustainability and the potential for a future economic correction.

Read the full article here.



Your cart is currently empty.

Start Shopping

Select options