Mother's Day

A National Retail Federation survey predicts that Mother's Day spending in the U.S. will reach $33.5 billion this year, a second to last year's peak. Retailers are prepared to offer impactful gifts, with an average spending of $254.04.

Vacations

A new Bankrate survey indicates that while 53% of Americans plan to vacation this summer, over a third might finance their travels with debt. As costs deter nearly half from vacationing, credit usage for remains high.

Restaurants

In a recent earnings call, McDonald's acknowledged a shift in consumer spending habits and a decreased edge in affordability. CEO Chris Kempczinski outlined plans for a national value platform to enhance offerings, as the company looks to regain its competitive pricing advantage amidst industry challenges.