The Buy Now Pay Later Move

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The Buy Now Pay Later Move


We consumers have an important job. Our spending accounts for roughly two-thirds of the $23.3 trillion U.S. economy, which is by far the largest in the world.

We cut back some in November and December, but consumer spending in January increased a solid 1.8%.
Consumer behavior has been both fascinating and critical in the past year. Even with the pain of higher prices, spending has held up well, which is a big reason the economy has also held up well in the face rising interest rates.In what’s been a tough year, consumer-related stocks even outperformed the broader market rather easily the last 12 months, as shown by the Consumer Discretionary SPDR ETF (XLY) and the Consumer Staples SPDR ETF (XLP).
If we’re going to spend all that money on stuff, wouldn’t it be nice to make some of it back by “owning” the stores you shop in?

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