Live A Little

Live A Little. Consumers' discretionary spending behavior during a potential 2023 recession is uncertain, but data suggests it may not align with traditional expectations. Financial and economic confidence is wavering globally, but a secure financial situation for many consumers is expected to maintain spending in certain areas such as fashion, technology and electronics, and personal care. Trends indicate that consumers are looking for quality items, with "luxury for less" retailers growing and searches for affordable options increasing, but there is potential for reducing prices to detract from the aspirational power of purchases.