Inflation continues to impact everyday spending, with prices rising in housing costs, grocery bills, and airfare tickets.
Katie Thomas, Lead at the Kearney Consumer Institute, joins Wealth to share her perspective on how consumers can better navigate these spending challenges. She explains that while inflation remains stubborn, it’s crucial for consumers to take a step back and relax.
“Honestly, as a consumer myself right now, what I would still professionally recommend is it probably is a good time to just hold off and press pause for a minute,” Thomas advises to Wealth host Brad Smith.
Thomas emphasizes the need to adjust purchasing behavior by shopping strategically, such as price shopping and waiting for political stability before making major purchases.
She also points out the potential effects of tariffs on imported goods, such as electronics. As the landscape remains uncertain, Thomas suggests holding off on discretionary spending until trade conditions stabilize.
#youtube #inflation #spending
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