American spending changes from Apr. 2022 to Apr. 2023

[Axtremus]

https://www.axios.com/2023/05/23/americans-spending-less-data-shows

[Mik]

And why do you think that is?

[LuFins Dad]

And they are getting less for the dollar spent on top of that…

[Mik]

And yet Memorial Day weekend flyers are expected to be 22% above last year.

[89th]

@Mik said in American spending changes from Apr. 2022 to Apr. 2023:

And why do you think that is?

lol

[Copper]

Is someone trying to mislead me?

-34% is not even close to 0.9%

What am I missing?

https://www.nerdwallet.com/article/travel/travel-price-tracker

[LuFins Dad]

@Copper said in American spending changes from Apr. 2022 to Apr. 2023:

Is someone trying to mislead me?

-34% is not even close to 0.9%

What am I missing?

https://www.nerdwallet.com/article/travel/travel-price-tracker

The .9% number is an inflationary gauge. A ticket costs roughly 1% more. The -39% is a volume gauge. That’s the drop in the total dollars a spent on airfare. Fewer people flying…

[taiwan_girl]

@Mik said in American spending changes from Apr. 2022 to Apr. 2023:

And yet Memorial Day weekend flyers are expected to be 22% above last year.

Yes, it seems like that is wrong. I have taken quite a few flights in the past year, and I think that air travel is all increased.

[Mik]

I keep wondering why they would want me to think air travel was decreasing.

I do know some routes are being discontinued, but I suspect they were not fully utilized.