Mastercard's research on consumers spending

An episode of the Breakfast Business with Joe Lynam podcast, hosted by Newstalk, titled "Mastercard's research on consumers spending" was published on August 9, 2023 and runs 7 minutes.

August 9, 2023 ·7m · Breakfast Business with Joe Lynam

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Episode Description

9 months ago, there were very real fears that Ireland would be plunged into a recession amid soaring interest rates and energy costs. Both remain high but the Irish consumer appears to be a lot more resilient than we thought. According to MasterCard, people have spent more on experiences such as travel & entertainment than on apparel, jewellery, furniture, or electronics where sales have been contracting. Natalia Lechmanova a senior economist at Mastercard explained their consumer spending findings.

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