It shows how Americans are shifting their spending priorities away from price-inflated big box stores — and putting that cash towards nice experiences instead. As seen in the above chart ...
Inflation hit a 40-year high in mid-2022, causing the price of basic necessities ... consumer sensitivity to price is increasing, and they’re spending less on “nice to haves.” ...
Recent data shows Americans are spending less and less time socializing in person ... others face-to-face has dropped 30% ...
This isn’t a footnote. It’s chapter one. Between 2012 and 2022, New York’s per-pupil spending rocketed from less than $20,000 to nearly $30,000, almost twice as quickly as inflation.