Why Are US Consumers Favoring Experiences Over Goods?

The dynamics of US consumer spending are changing, especially among younger buyers seeking fulfilling experiences over merchandise and material items. Having emerged from almost two years of lockdowns, consumers are devoting their spending to travel, hospitality and services. Are we witnessing a fundamental change in patterns of consumer behavior? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight

Source: Bloomberg Markets and Finance