Money

Over 90% of Americans cutting holiday spending

Published

3 months ago

September 20, 2023

ticker NEWS

A staggering 90% of Americans are tightening their purse strings, and this trend is expected to persist throughout the holiday season.

The survey, which examined the spending habits and financial outlook of a diverse group of Americans, sheds light on the economic challenges many are facing.

The study found that the ongoing economic uncertainty, coupled with rising inflation rates, has prompted a significant shift in consumer behavior. Respondents expressed concerns about their financial stability, with many citing the need to prioritize essentials over discretionary spending. This shift in priorities is expected to extend to the upcoming holiday season, traditionally a period of increased consumer spending.

With the holiday season fast approaching, retailers are bracing for an impact on their sales figures. Many Americans indicated they plan to scale back on gifts, travel, and dining out during the holidays. Instead, they are looking for creative ways to celebrate without breaking the bank.

Economists and financial experts are closely watching this trend, as it could have a ripple effect on the broader economy. The holiday season typically accounts for a significant portion of annual consumer spending, and any reduction in this spending could have far-reaching consequences.

As the survey results highlight this nationwide shift in spending habits, businesses are strategizing to adapt to the changing consumer landscape. Retailers are exploring promotions and discounts to attract budget-conscious shoppers, while families are seeking innovative ways to make the most of the holidays without overspending.

Leaders

Diversifying and enhancing payment methods

Published

22 hours ago

December 8, 2023

ticker NEWS

American Express reveals Australian homeowner bill payment insights

In response to the growing trend of card and tap-and-go payments, organisations are adapting their systems to accommodate diverse payment options.

American Express recently conducted research shedding light on homeowner sentiments towards local councils, with a focus on Australian attitudes and behaviours related to bill payments.

Vice President and General Manager of Global merchant services at American Express, Robert Tedesco, provides his insights.

Leaders

Explosive growth and dominance of the audio industry

Published

1 day ago

December 8, 2023

ticker NEWS

Global radio market hits staggering $143 billion valuation, cementing audio industry’s dominance

The audio industry continues to assert itself as a formidable force, with the 2023 global radio market reaching a substantial value of $143 billion.

The podcast market has surged to an impressive worth of $18.52 billion, showcasing a compound annual growth rate of 27.6%.

Tony Simmons, CEO and founder of Sonnant, discusses how the audio industry can be made even better.

Presented by VentureCrowd – To find out more about Conscious Investing, head to www.venturecrowd.com.au

Money

Nick Kyrgios shocks fans with surprise OnlyFans announcement

Published

1 day ago

December 8, 2023

ticker NEWS

Tennis sensation Nick Kyrgios sent shockwaves through the sports and entertainment world today as he revealed a surprising career move.

The Australian athlete, known for his fiery on-court antics and charismatic personality, has announced his entry into the world of OnlyFans, a platform typically associated with adult content creators.

In an unexpected turn of events, Kyrgios took to social media to share the news with his followers. He stated, “I’ve always enjoyed pushing boundaries and breaking the mold. I’m excited to announce that I’ll be joining OnlyFans to share exclusive content and connect with my fans in a new way.”

The announcement has left fans and pundits alike wondering what kind of content Kyrgios will be sharing on the platform.

The decision has sparked a debate about the intersection of sports and social media, as well as the evolving landscape of content creation.

Some fans are eagerly anticipating behind-the-scenes glimpses of Kyrgios’s life, while others are questioning the potential impact on his professional tennis career.