Americans are Spending More... on Fun Stuff?

October 5th, 2023· 2.8K views· 0:47
T
The Hustle

Get the 5-minute newsletter keeping 2M+ innovators in the loop: https://thehustle.co/ According to the Wall Street Journal, Americans are spending more money... which feels a little odd, considering high inflation, high interest rates, and a cooling labor market. Despite all the signs saying maybe we should save our money, Americans spent 5.8% more in August 2023 than a year earlier. So what are they spending on? Flights and concert tickets are two common expenses. Well, call us ~ not surprised ~ coming out of the summer of Beyoncé and Taylor Swift's record-breaking tours.