Consumers Are 'Trading Down,' Buying Less, Commerce Signals Data Shows
- by Laurie Sullivan @lauriesullivan, August 12, 2022
Commerce Signals, a TransUnion Company, released data on Friday analyzing how inflation affects discretionary and non-discretionary spending by consumers.
As inflation rises, consumer spend on discretionary items like electronics and sporting goods fall. The data shows just less than 13% growth for discretionary spending in July vs. 16% growth for …
