Despite the price hikes, Americans appear unwilling to make major cutbacks on discretionary spending, for now.
As the U.S. Federal Reserve continues to raise interest rates to try and curb red hot inflation, major retailers in the U.S. forecasted a dismal holiday shopping season in 2022, which turned out a little different than expected.
The average cost for a concert ticket to see major superstars in 1996, like KISS and Garth Brooks, would set a fan back just under $30 on average. Those days seem long gone. Coffee giant Starbucks announced it will meet the new year with major changes to its popular rewards program. Now a member can redeem points for a cup of coffee or tea, along with various baked goods when they have around 50 starts or points in their account.Other items will cost 50 points more than before, and for larger menu items member will need to spend 100 points more than normal.
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