"I've been stocking up on the one-pound packages of ground beef... still have some that I paid $2 or $2.50" That's how one Des Moines Iowa Male replied to what he had been stocking up as prices go up.
I recently got the opportunity to speak with Jeff Angelo and discuss some of the latest consumer spending trends.
As inflation concerns continue to rage on, consumers are focusing spending in a few key places.
1) Clothes and Shoes
2) Car Repairs
On the flip side, consumers are cutting back in a few key places:
1) Homes
2) Cars