Consumers cut back as tariffs and rising prices reshape summer spending habits
5 Articles
5 Articles
Consumers cut back as tariffs and rising prices reshape summer spending habits
If your money isnt stretching as far this summer, youre not alone. A new survey from RetailMeNot shows more than 90% of shoppers are cutting back, many citing rising prices tied to tariffs as the reason.The nationwide shift in consumer behavior is leading to noticeable changes in how people shop, eat and plan their summer.Dining out is one of the first expenses getting trimmed. According to the survey, half of shoppers say theyre eating out less…
Survey: 60% of Consumers will Abandon Purchases if Prices Rise Beyond 10% Due to Tariffs
Six in 10 U.S. consumers will not absorb more than a 10% increase in pricing due to tariffs, according to new data from ESW, the worldwide leader in ecommerce. The survey, “Impact of Tariffs on Purchasing Decisions,” also reveals that, aside from discounts or promo codes, consumers want free shipping, loyalty rewards, and transparent communication about price increases in exchange for higher tariff-induced costs. “Market volatility and increased…
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