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Watches, movies and burrito taxis: How Americans splurge in a vibecession
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Watches, movies and burrito taxis: How Americans splurge in a vibecession

Axios·Rebecca Falconer·3 days ago
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Americans feeling pinched financially are splurging on small treats while economic anxiety and inflation jitters put off larger purchases. Why it matters: From movie tickets to collectible watches , those affordable indulgences are helping sustain consumer spending . The economy remains in what some economists call a "vibecession," where consumers feel relatively stable personally while pessimistic about the broader economy. Consumers feel caught between a "combination of rising inflation, slowing after-tax real incomes, and rising credit card debt," Wayne Winegarden, a senior fellow in business and economics at Pacific Research Institute, tells Axios. In a K-shaped economy, the wealthy can still indulge while lower-income consumers pull back and sate themselves with smaller purchases, economists say. State of play: Winegarden expects lower-income households to opt for movies or staycations this Memorial Day weekend as economic conditions tighten.…

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