Sustainable goods see decline due to high cost, yet luxury sales grow

With inflation rates at a forty year high as recession predictions swirl around the financial sphere, it would make sense to see a decline in discretionary spending as the cost of gas and daily essentials rise. While Morning Consult did find that consumers cut back on spending from February to March this year—with US apparel registering a one percent decline—the National Retail Federation (NRF) released a statement a month later sharing encouraging stats that showed clothing and accessory store sales were up 0.8 percent month over month.