The 2022 professional football season kicked off last week, marking the unofficial start of fall for many in the US. Fans may be unrealistically optimistic about their team’s performance, but their views on the economy are a different story: Consumers are starting to cut back on discretionary expenditure, reflecting the fact that prices (and mandatory household expenditure) are rising faster than incomes, write partner Alexander Thiel and co-authors in a recent article. As a result, spending intent on sporting apparel, footwear, and sports and outdoors equipment is declining. Before you tune into the next game, put on your favorite team’s jersey and catch up on industry trends and much more with these insights.
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