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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. Source: ICSC Financial concerns also affect how Gen Z pays for things: 45% use debit cards, 21% prefer cash, and credit cards come in third at 17%.

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

365 Retail

percent, the increase in grocery spend was fueled by the Coronation bank holiday weekend and Eurovision, as Brits purchased food and drink for street parties and celebrations at home. In contrast, discount stores enjoyed a growth of 5.0 Apart from the near-record food price inflation rate of 19.1 percent and 13.1 percent and 13.1

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How to Prepare for a Recession

Small Biz Trends

As it might affect not only your personal finances but also threaten your business’ survival. The impact of a recession on your business at times can be hard to predict. You will need to review your finances first to identify your needs and financial health. Pay Off Your Credit Card Debt to Avoid Increased Interest Rates.