Re:Americans are spending less on clothing
by prostoalex on Wednesday February 07, 2018 @12:55PM
(#16326476)
But they do mention other categories growing. If clothing is semi-discretionary, travel and eating out seem like completely discretionary categories, first ones on the chopping block when the money is tight:
> Apparel is being displaced by travel, eating out and activities—what’s routinely lumped together as “experiences”—which have grown to 18 percent of purchases. Technology alone, including data charges and media content, accounts for 3.4 percent of spending. That now tops all clothing and footwear expenditures.
Anecdotally I don't think they're too off-base on travel and experiences. Airports seem busier and even with an increased number of flights the airlines generally run at higher capacity (although some of it could be explained by post-9/11/2001 slump).
> Apparel is being displaced by travel, eating out and activities—what’s routinely lumped together as “experiences”—which have grown to 18 percent of purchases. Technology alone, including data charges and media content, accounts for 3.4 percent of spending. That now tops all clothing and footwear expenditures.
Anecdotally I don't think they're too off-base on travel and experiences. Airports seem busier and even with an increased number of flights the airlines generally run at higher capacity (although some of it could be explained by post-9/11/2001 slump).