Lifestyle inflation or lifestyle creep is basically a phenomenon in which your spending increases whenever your income rises. Your lifestyle reflects this as you get a raise or move up in the corporate ladder or life.
to the same month in 2019. spending on airlines was nearly 10% lower last month, compared to the april before the pandemic. that suggests things aren t back to normal yet. but it was still the best month for the industry since covid 19. around 46% of people are currently planning to cut back on holidays and travel. many more of us are intending to stop splurging on clothes and meals out in order to save money. the theory seems to be that holiday makers who ve had to cancel plans two summers in a row are determined to go ahead this year despite the cost of living squeeze. i have never seen i have never seen a i have never seen a start to the summer like this one. we have very, very strong demand, families wanting to make up for lost sunshine. and yet we have an industry which is
consumers from spending big last month. cnn s alison kosik has more. good morning, amara and boris. we re not just spending, we re splurging as we emerge from the pandemic. companies are urging there s a lot of pent-up demand to get out and spend. marriott seeing a strong preference for luxury properties. the hotel chain wanting to spend big with a desire for the full complement of services and athenties. in earnings call, wynn resorts also note that premium customers who have been cooped up for 2020 and the first part of 2021 are traveling and spending again with a vengeance. americans are also going out to eat more. pepsi says its business at restaurants is ramping up. and coca-cola says restaurant sales in its most recent quarter surpassed 2019 levels for the
invasion. choose diplomacy or face severe consequences. plus, a simmering feud and rare endorse meant. house speaker kevin mccarthy throws his support behind a liz cheney supporter. could his support back fire. and trying to turn the list away from covid. the easing restrictions getting longer. but not everyone agrees it s time to drop mask mandates. plus, americans may be getting hit with risky rising prices and sky high inflation. but that s not stopping them from reaching into their wallets. why many aren t just spending. they re splurging. bayuenos diaz, welcome to t
U.S. holiday sales in 2021 came in at a
better-than-expected $886.7 billion, boosted by customers
returning to stores and splurging more online, even as a jump in
COVID-19 cases and supply chain. | January 14, 2022