consumer-discretionary-debt-spending-budget-retail

People are spending less on entertainment and recreation, but they aren’t shrinking their grocery bills, reports Marketing magazine.

A survey by Mintel shows that 31% of people say they’ve spent more on groceries and food to eat at home in the past year. A further 56% say their spending hasn’t changed, while 12% say they’ve cut back, Marketing reports.

Read: Wedding season could hurt clients’ wallets

Compare that to the 32% of people surveyed who say they spent less on entertainment and leisure in the past year. And 27% of those surveyed spent less on vacations.

Read more here.

Also read:

Feds scrap tampon tax

Canadian economy slumps: StatsCan

Originally published on Advisor.ca

Add a comment

You must be logged in to comment.

Register on Advisor.ca