Customers turn to experiences and basic shopping due to increasing economic pressures
BizLife 07.10.2022 | BIZLife
In the current, changing circumstances imposed by economic developments around the world, the choices consumers make about what, when and where they spend can help understand new trends.
The report “Changes in Wallets” done by the Mastercard Economics Institute provides an insight into how consumers around the world firmly adhere to the habits that ensure convenience, better experiences or both. The latest report by the Mastercard Economics Institute answers three key questions – what, when and where consumers buy and it shows that consumption preferences are changing. Price increases affect how consumers rebalance their spending on basic needs and