7 Hrs
Source:
The Boston Globe
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US retailers observe changing consumer spending
U.S. consumers are adjusting their spending habits amid rising fuel prices caused by the Iran war, with subtle changes such as fewer visits to clothing and furniture stores and reduced fuel purchases. While overall shopper resilience persists, lower-income households are showing signs of cutbacks, and experts predict broader retrenchment once tax refunds decline and costs for essentials increase further. Consumers are increasingly prioritizing cost-saving measures, including shopping at wholesale clubs and limiting discretionary spending on non-essential products.
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