Big Tech Backs Nuclear Expansion: Pledges to Triple Global Capacity by 2050
Only 55 Percent of Purchases by American Consumers Seems Necessary
By Shubhendra Anand , 21 December, 2023
The economic condition of the United States is changing with the various trends in the consumer's spending habits in 2023. The expenditure on goods and services by the United States consumers is evolving day by day. Studies have found that 55 percent of American consumers' expenditures and purchases are necessary.
Based on a survey conducted in 2023, with 2000 US adults on average, they admitted that the portion of purchases they made was worthy. The studies, on average, found that only 55 percent of the purchases done by United States consumers are worth it in 2023. Only 15 percent of consumers are satisfied with 20 percent of their investments. The survey also reported that two-thirds of the consumers expect very high expectations for every purchase in 2023. The respondents admitted to the study about the goods and services valued for their money, including transportation items like cars, motorbikes, and others. The respondents also mentioned things that made their daily lives easier, like a dryer, washer, and others in 2023.
The third quarter earning reports of the United States show a different perspective, indicating the consumer's changes in food habits. The American consumers who have healthy eating habits are saving themselves from paying higher prices for food and spending much at restaurants in 2023. Consumers are considering sustainability more while purchasing goods, such as the buyers have environmental, social, and governance (ESG) factors while buying products in the market. Retail sales continued to be challenging throughout the inflation crisis in the United States and pushed consumer prices to increase by 3.3 percent in October 2023.
Growing Consumer Expenditure Will Slows Market Growth in US
Latest News
Big Tech Backs Nuclear Expansion: Pledges to Triple Global Capacity by 2050
Leading technology giants Amazon, Google, and Meta have teamed up with other big energy users in a historic action at the CERAWeek 2025 energy conference in Houston to promote an ambitious initiative: doubling world nuclear power capacity by 2025…
China’s Refining Industry Sees 2.1% Growth in Early 2025 Amid Rising Fuel Demand and Geopolitical Shifts
China's refining sector showed resilience and adaptability in the first months of 2025, raising crude oil throughput by 2.1 percent over the year before. According to the National Bureau of Statistics, this increase resulted in a processing volume of…
Elsevier Unveils ScienceDirect AI in 2025 to Revolutionize Research Efficiency
In March 2025, Elsevier launched ScienceDirect AI, a world-renowned leader in science and health information science. This state-of-the-art generative AI tool can potentially transform the industry with its revolutionary advances in research. This…
EV Revolution: Battery Prices Drop Below USD 100/kWh Amid China's Dominance of the Market in 2025
The global electric vehicle (EV) industry has reached a pivotal milestone. The average price of lithium-ion battery packs has dropped below the USD 100 per kilowatt-hour (kWh) threshold, a benchmark long considered critical for achieving price parity…
China Accelerates Push for Domestic EV Chips Amid Global Trade Tensions in 2025
In 2025, China will focus on self-sufficiency in high-tech industries by further integrating domestically produced semiconductor chips into the country\'s electric vehicle (EV) industry. By doing so, China aims to reduce reliance on foreign…
Shubhendra Anand
Head Research
Latest News
China’s Refining Industry Sees 2.1% Growth in Early 2025 Amid Rising Fuel Demand and Geopolitical Shifts
Elsevier Unveils ScienceDirect AI in 2025 to Revolutionize Research Efficiency
EV Revolution: Battery Prices Drop Below USD 100/kWh Amid China's Dominance of the Market in 2025
China Accelerates Push for Domestic EV Chips Amid Global Trade Tensions in 2025
