Motley Fool Money Prime Shoppers Spend More
Jul 11, 2023
Jason Moser, an investment analyst at The Motley Fool, shares insights on Amazon's projected $13 billion Prime Day sales and what it reveals about consumer spending trends. He discusses whether Prime Day serves as an economic bellwether and Amazon's new service offerings. Wade Pfau, author of the "Retirement Planning Guidebook," delves into strategies for sustainable retirement spending. He introduces the Retirement Income Style Awareness Profile and explains how different approaches can help navigate the complexities of retirement finances.
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Prime Day Purchases
- Ricky Mulvey isn't a big shopper and rarely buys anything on Prime Day.
- Jason Moser is considering wireless headphones and Dyson vacuums.
Prime Day's Impact
- Amazon Prime Day is expected to generate $13 billion in sales, a small fraction of Amazon's total revenue.
- Prime Day's significance lies in boosting Prime memberships and fostering customer loyalty.
Economic Bellwether?
- Many view Prime Day as an economic indicator, but it primarily reflects pulled-forward holiday spending.
- More reliable economic indicators include depleted pandemic savings and resuming student loan payments.
