Spending Smarts: How Shoppers Are Adjusting to Economic Shifts

People are changing how they spend money, and it's affecting big stores. High earners are now looking for deals, not just luxury items. They're eating at places like McDonald's and Applebee's more often. Even rich shoppers are buying cheaper brands or going to stores like Walmart and Dollar General. This is a big change because usually, only people with less money do this. Young people, especially those in their 20s and 30s, are spending less too. They're not eating out as much or buying expensive things. Instead, they're cooking at home and choosing cheaper options. This is because jobs are harder to find, and student loans are due again. Companies like Chipotle and Warby Parker are feeling this change. Some stores are still doing well. Coach and Ralph Lauren are popular, especially with young people. Dutch Bros. coffee is also growing because young customers love their drinks. Even malls are busy with brands like Vuori and Abercrombie & Fitch. The economy is growing, but not everyone is feeling it. Some people are struggling, and others are just being more careful. Stores that offer good deals might do well, while others could have a tough time. The holiday season might show how much this is affecting shopping.