Episode Details

Summer travel plans are dividing along income lines due to inflation, with lower-income households cutting trips and spending. Travel costs are up, including airfares, lodging, meals, and entertainment. Consumers are feeling the pinch, with many skipping trips or downgrading hotels. Travel stocks are lagging, and purchasing power has turned negative for those earning under $50,000. Middle-income folks are spending more on basics, turning summer into a staycation season for many.

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