U.S. consumers haven’t stopped spending since the Iran war drove up fuel prices
U.S. consumers cut spending after gas hit $4/gallon; warehouse clubs report sub-10-gallon purchases for the first time since 2022. As tax refunds deplete, lower-income pullback threatens B2C platforms, food service, and retail ad budgets.
Well before the Iran war, many consumers already were being more choosy with their discretionary purchases.
Americans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting back on non-essential purchases like clothing and furniture. While some…
“Gas is a kind of catalyst. It trickles down into the entire budget. We’re trying to keep everything as normal as possible. But it’s starting to feel like it’s adding up more and more.”
Americans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting back on non-essential purchases like…
“Gas is a kind of catalyst. It trickles down into the entire budget. We’re trying to keep everything as normal as possible. But it’s starting to feel like it’s adding up more and…
“Gas is a kind of catalyst. It trickles down into the entire budget. We’re trying to keep everything as normal as possible.”
The U.S. Commerce Department reported last week that the growth in Americans' spending in April was primarily driven by higher prices, not an increase in purchases