Taylor Swift Tickets, Paris Trips and Dining Out: Consumers Splurge Even as Savings Fall ...Middle East

A group of US consumers has surprised companies and economists by splurging on Taylor Swift concerts, trips to Paris and dining out — even as their savings decline. Call them the YOLO consumers. It’s a cohort that’s never let go of the “you only live once” ethos that emerged during the existential upheaval of Covid-19. They’ve continued spending on experiences for longer than most expected — and they’re a key part of the surprisingly resilient US economy. [time-brightcove not-tgx=”true”] “We appreciate there are heightened concerns around the state of the consumer as of late,” Josh Weinstein, chief executive officer of cruise operator Carnival Corp., told analysts at th

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Taylor Swift Tickets, Paris Trips and Dining Out: Consumers Splurge Even as Savings Fall ...Middle East

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