{"id":311905,"date":"2021-07-30T01:51:00","date_gmt":"2021-07-29T22:51:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/americans-arent-cutting-back-on-spending-even-with-rising-inflation\/"},"modified":"2021-07-30T01:51:00","modified_gmt":"2021-07-29T22:51:00","slug":"americans-arent-cutting-back-on-spending-even-with-rising-inflation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/americans-arent-cutting-back-on-spending-even-with-rising-inflation\/","title":{"rendered":"#: Americans aren\u2019t cutting back on spending \u2014 even with rising inflation"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36ec82c1344\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36ec82c1344\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/americans-arent-cutting-back-on-spending-even-with-rising-inflation\/#Some_32_of_US_consumers_splurged_on_a_vacation_in_the_second_quarter_of_this_year_up_seven_percentages_points_from_the_first_quarter\" >Some 32% of U.S. consumers splurged on a vacation in the second quarter of this year, up seven percentages points from the first quarter<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/americans-arent-cutting-back-on-spending-even-with-rising-inflation\/#Elisabeth_Buchwald\" >Elisabeth Buchwald<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#: Americans aren\u2019t cutting back on spending \u2014 even with rising inflation<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Some_32_of_US_consumers_splurged_on_a_vacation_in_the_second_quarter_of_this_year_up_seven_percentages_points_from_the_first_quarter\"><\/span>\n  Some 32% of U.S. consumers splurged on a vacation in the second quarter of this year, up seven percentages points from the first quarter<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000355807\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000355807\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       It\u2019s been months since most Americans received their third stimulus checks, yet fewer Americans are cutting back on spending.<\/p>\n<p> In fact, they\u2019re doing just the opposite.\u00a0<\/p>\n<p>Some 32% of U.S. consumers splurged on a vacation in the second quarter of this year, up seven percentages points from the first quarter, according to a survey published Thursday by The Conference Board, a membership-funded nonpartisan think-tank.<\/p>\n<div class=\"paywall\">\n       Another 19% of consumers bought tickets to concerts, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">movies<\/a> and sporting events, up six percentage points from the first quarter of this year, according to the survey which polled more than 500 U.S. consumers.\u00a0<\/p>\n<p>In contrast, consumers are spending 6% less money on alcoholic beverages and cigarettes compared to October 2020 when much of the economy was closed.\u00a0<\/p>\n<p>The uptick in spending on vacations and out-of-home entertainment has helped bring inflation to decade-high levels.\u00a0<\/p>\n<p>Federal Reserve Chairman Jerome Powell believes that the surge in prices U.S. consumers are paying overall will dissipate as more Americans adjust to the new normal.\u00a0<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetPullQuote\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetPullQuote\n            article__inset--inline\n  \"><\/p>\n<div class=\"wsj-article-pullquote article__inset__pullquote \">\n<p class=\"pullquote-content article__inset__pullquote__quote\">\n        <span class=\"l-qt article__inset__pullquote__mark--left\">\u201c<\/span><br \/>\n        U.S. consumers are spending 6% less on alcoholic beverages and cigarettes compared to October 2020.<br \/>\n        <span class=\"r-qt article__inset__pullquote__mark--right\">\u201d<\/span><\/p><\/div>\n<\/p><\/div>\n<p>       \u201cIt isn\u2019t the kind of inflation that\u2019s spread broadly across the economy,\u201d Powell said Wednesday during a press conference following the bank\u2019s decision to leave interest rates at near-zero levels.\u00a0<\/p>\n<p> \u201cIt\u2019s new, used and rental cars. It\u2019s airplane tickets, it\u2019s hotels and it\u2019s a couple of other things. And each of those has a story attached to it that is really about the reopening of the economy.\u201d<\/p>\n<p>Likewise, Americans aren\u2019t panicking about the fact that they\u2019re paying 5% more for goods compared to last year, the survey suggests. When asked to rank their top concern in May, more Americans chose global warming, job security, health and the overall economy over rising food, fuel and utility costs.\u00a0<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Perhaps more Americans would have put health as a top concern in May had they known more about the delta variant of COVID-19.\u00a0<\/p>\n<p>The strain has \u2014 in some cases \u2014 led to breakthrough infections among fully vaccinated people. Among unvaccinated people, it\u2019s believed to spread twice as easily as earlier strains of COVID-19.\u00a0<\/p>\n<p>Earlier this week, the U.S. Centers for Disease Control and Prevention recommended that people \u2014 regardless of vaccination status \u2014 wear masks indoors in areas where COVID-19 is spreading rapidly, reversing its earlier guidance.<\/p>\n<p>Powell acknowledged that the spread of the variant could result in \u201cschool districts deciding to wait a month or two for the delta wave to quiet.\u201d\u00a0<\/p>\n<p>\u201cI\u2019m not saying this will h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en, but it\u2019s easy to imagine that,\u201d he added.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Elisabeth Buchwald\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/elisabeth-buchwald\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/buchElisabeth\",\"text\":\"@buchElisabeth\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:elisabeth.buchwald@marketwatch.com\",\"text\":\"elisabeth.buchwald@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Elisabeth_Buchwald\"><\/span>Elisabeth Buchwald<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-756D-DF1EA8CFE1A9%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#: Americans aren\u2019t cutting back on spending \u2014 even with rising inflation&#8221; Some 32% of U.S. consumers splurged on a vacation in the second quarter of this year, up seven percentages points from the first quarter It\u2019s been months since most Americans received their third stimulus checks, yet fewer Americans are cutting back on spending&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":311906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-311905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/311905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=311905"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/311905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/311906"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=311905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=311905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=311905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}