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Story perspectives

Consumers Shift Spending Amid Rising Prices and Sales Growth

11/22/2025

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Story summary
  • Americans are adjusting their spending as prices rise and consumer sentiment declines.
  • Lower-income shoppers face challenges, while affluent consumers seek better deals.
  • Retailers such as Walmart and off-price stores like T.J. Maxx report significant sales growth.
  • Fast-casual dining chains and mid-market retailers such as Target are struggling as consumers prioritize affordability.
  • McDonald's shows mixed results, with lower-income diner sales down and higher-income traffic up.