AXIOS (Rebecca Falconer) - Watches, movies and burrito taxis: How Americans splurge in a vibecession
Americans feeling pinched financially are splurging on small treats while economic anxiety and inflation jitters put off larger purchases. Why it matters: From movie tickets to collectible watches , those affordable indulgences are helping sustain consumer spending . - The economy remains in what some economists call a "vibecession," where consumers feel relatively stable personally while pessimistic about the broader economy. - Consumers feel caught between a "combination of rising inflation, slowing after-tax real incomes, and rising credit card debt," Wayne Winegarden, a senior fellow in business and economics at Pacific Research Institute, tells Axios. - In a K-shaped economy, the wealthy can still indulge while lower-income…