How We Spend Our Money
New Trends in Consumer Spending Can Challenge Retailers and Others
Quick question: This year, when people have charged a jewelry purchase on their MasterCards, what was the average price? Any guesses? $250? $750? $1,000? How about $2,400?
It’s not 2008 anymore—or even 2012—and data at the recent Global Retailing Conference showed that consumers are spending more money. That’s the good news. The conference also presented evidence that consumers may be spending their money differently.Read more >