Contact Us

Cost of living crisis? Consumers keep spending for now

Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long that will last.

  • 11
  • 12
American tourists vacationing in London have been spending more because of the strong dollar, analysts say. For now, the increased prosperity of affluent consumers is offsetting the hit to revenues from lower earners spending less.