Credit Card Data Reveals Strong Spending on Travel and Experiences, as Big-Ticket Home Purchases and Discretionary Spending Lag from bis card Watch Video

⏲ Duration: 0:40
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✓ Published: 08-May-2024

Description:
Credit card data shows spending has remained relatively strong, but price sensitivity is rising, especially among lower-income consumers. Travel and experiences continue to see solid demand, but big-ticket home purchases have weakened amid economic uncertainty. Restaurant traffic has struggled as consumers dine out less frequently, citing affordability concerns. Discretionary purchases are under pressure as inflation squeezes budgets and consumers prioritize essentials over items like apparel.