Your Money Minute Consumers Still Watching Their Wallets 7/30/25
Jul 30, 2025
The discussion highlights recent shifts in consumer spending amid ongoing inflationary pressures. It notes a slight rebound in June following a downturn in May. The impact of rising essential costs is examined, particularly how it influences discretionary spending. There's a special focus on the travel sector as households adjust their budgets, illustrating the delicate balance between saving and enjoyment.
AI Snips
Chapters
Transcript
Episode notes
Consumers Spending Rebounds but Inflations Bites
- Consumer spending rebounded in June but not enough to offset earlier declines in the quarter.
- Inflation is rising again, causing Americans to cut back especially on discretionary spending like travel.
Essentials Cost Squeezes Travel Budgets
- Americans keep spending as long as they have jobs but rising costs squeeze budgets.
- Higher costs for essentials like utilities and rent force households to pull back on travel.