U.S.-Iran Tensions and Rising Gas Prices Impact Discretionary Consumer Spending
U.S.-Iran tensions and rising gas prices have led to a decline in discretionary consumer spending, particularly in entertainment and leisure sectors. Data from Placer.AI shows a slump in venues like Dave & Busters, bowling alleys, and escape rooms. Analysts warn that prolonged high gas prices could have lasting effects on consumer behavior.
Topics: consumer spending discretionary purchases economic impact travel costs U.S.-Iran conflict