Election cash doles may trigger short-term consumption boost in apparel, smartphones, liquor: CEOs
Cash handouts from recent state elections are expected to boost spending on items like apparel, smartphones, and electronics. Consumers, especially those with lower and middle incomes, may use this extra money for discretionary purchases. This could provide a welcome demand boost for retailers. Alcohol sales are also likely to see an immediate increase.
Cash handouts from recent state elections are expected to boost spending on items like apparel, smartphones, and electronics. Consumers, especially those with lower and middle incomes, may use this extra money for discretionary purchases. This could provide a welcome demand boost for retailers. Alcohol sales are also likely to see an immediate increase.
