The day I was born, the company I’m now the parent of was one of the few companies I could buy with cash.
And now, in my mid-twenties, I’ve started to feel like that’s the norm.
I’m not alone.
More than 70 percent of Americans are on the fence about where they’ll live next, according to a new Gallup poll.
And there’s a growing number of consumers who are choosing not to shop for groceries, electronics or even clothes, even though they’re likely to buy more, because they feel it will save them money and avoid a loss of income.
They’re “living in a bubble” where most of their money is spent on discretionary spending, like rent or mortgage payments, and not on more important items like homes or vacations, the Gallup poll found.
The survey, released Thursday, also found that more Americans are spending less than they did just a year ago.
The average household income was $49,000 in December, down from $52,000 a year earlier.
But the median household income, adjusted for inflation, dropped to $47,400.
And just under half of all households spent less than $1,000 last year.
A growing number also are choosing to shop at other retailers or online.
And some are doing so for the first time.
A new survey shows that almost all Americans are buying online rather than at brick-and-mortar stores.
The new data suggests shoppers are more willing to pay more for goods and services online.
But the trend is more pronounced for older consumers, who are the least likely to shop online, and those with low incomes, according, Gallup.
And it’s also more pronounced among women, who were much more likely to prefer shopping online over at brick and mortar stores.
What do you think?
Should we start buying groceries online?