This was supposed to be the year Americans started spending again. But rising inflation and another Covid-19 variant are wrecking those plans.
As the cost of groceries, clothing and electronics have gone up in the U.S., prices in Japan have stayed low. WSJ’s Peter Landers goes shopping in Tokyo to explain why steady prices, though good for your wallet, can be a sign of a slow-growing economy. Photo: Richard B. Levine/Zuma Press; Kim Kyung Hoon/Reuters
An April survey of about 2,442 adults by Bankrate found that 39% of Americans have put off a financial milestone such as buying a home or a car due to the pandemic. That number may be higher given tightening markets and prices—evenAmericans are hoarding People tend to think that money is the primary barrier to getting the perfect house or car, said George Loewenstein, professor of economics and psychology at Carnegie Mellon University.
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