Barbie dolls are being displayed for sale prior to Black Friday at a Walmart Supercenter in Burbank, California, despite two years of rising prices and increasing interest rates. The willingness of consumers to continue spending at high prices has kept the US economy relatively strong, but this trend may soon change. Experts believe that the combination of expensive housing costs, growing credit card debt, and shrinking savings could put an end to the extravagant spending seen after the Covid-19 pandemic, potentially as early as this year's holiday shopping season. Economists predict that consumers will eventually be forced to reduce their spending due to these challenges. The housing market is currently experiencing its highest costs in 40 years, with mortgage rates more than doubling in the past year. Americans are also burdened with more debt than ever before, with credit card balances growing significantly. Additionally, the windfalls experienced during the Covid-19 era, which contributed to excess savings, have diminished. As a result, consumers may need to take a break from their post-pandemic spending spree as the debt becomes unsustainable and savings dwindle.
Залишайтеся на зв'язку
Підпишіться на нашу розсилку та отримуйте інформацію про вихід нових статей, інформацію про ексклюзивні знижки та інше
Або підпишіться на наш Telegram, щоб завжди бути в курсі наших новин.