article thumbnail

Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

As the oldest members of Gen Z move into their mid-20s and the youngest enter their teen years, personal finance concerns are high on their list of worries. Gen Z wants curation of services, retail stores and food and beverage experiences, since they often spend more on dining than shopping,” said Cegielski. “If

article thumbnail

How to Prepare for a Recession

Small Biz Trends

As it might affect not only your personal finances but also threaten your business’ survival. If your business is carrying any high-interest-rate debt, you should start focusing on debt payments, when a recession hits the Federal Reserve has the option to raise interest rates. Have a Financial Plan. Is a Recession Coming in 2022?

article thumbnail

Consumer Card Spending Grows at Slower Rate in May as Brits Curb Discretionary Purchases

365 Retail

In contrast, discount stores enjoyed a growth of 5.0 Consumer Confidence Persists Despite ongoing cost-of-living pressures, Brits generally feel confident about their household finances (64 percent) and their ability to manage their monthly expenses (68 percent).