U.S. Consumers Still Investing In Homes

U.S. consumers are decreasing their overall spending, yet they continue to invest in home and self-care purchases, says the ‘Q1 Consumer Trends Report’ by Jungle Scout, an eCommerce selling platform. The report says that 72 per cent of consumers are spending less due to recent inflation, significantly cutting out ‘fun’ or ‘impulse buys.’ Thirty-eight per cent are spending less overall and 34 per cent are spending less online, the highest reported figures on decreased consumer spending in at least one year. However, despite a decrease in spending overall, 50 per cent of consumers are more willing to spend money on their homes than before the pandemic.