In this economy, were focusing on the little things
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Discretionary spending has had a good run recently, and the purchases aren’t skewing practical. Furniture retailers, for example, had a lousy 2023 \\u2014 splurgy shoppers were more focused on Swift tickets than sofas. And looking to 2024, consumers plan to steer clear of big-ticket items and instead buy affordable luxuries like cosmetics. In this episode: Americans are in their “joy spending” era. Plus, financial planners are wary of the new spot bitcoin exchange-traded funds and everything seems to always be on sale.
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