Quote:
Originally Posted by VChenz
Took my bike into high end bicycle store....3 week backlog of work. The inventory that normally takes all summer to sell (and assemble) is pretty much sold out. Noticing the same online.
I assume that with everyone no being able to go out they saved money on dining and entertainment and now have a fistfull of cash to blow.
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To add to the discretionary spending spike I was looking to get a racing wheel setup and everywhere seems to be essentially sold out and on backorder. I was hoping to scratch my not being able to drive for fun itch... People seem to have a lot of extra cash to spend. Probably a combination of the WFH, not being able to go to bars and restaurants, cancelled vacations and stimulus money.
We'll see if this trend continues in the future. Will this be the thing that teaches Americans to save our money? Or are we all going to blow it on impulse buys and go back to spending like normal next year.