U.S. consumers haven’t stopped spending money since the Iran war drove up fuel prices, but many shoppers are reassessing what they buy and where, according to company executives and retail analysts. The behavior changes observed so far are subtle, such as altered routines for buying gasoline and f ewer visits to clothing and furniture stores. They also are uneven across the population. During recent earnings calls with analysts, executives from American mainstays like Walmart, McDonald’s and Dollar General cited overall shopper resilience as well as noticeable cutbacks by lower-income customers. But the new signs of strain cited by major retailers as generous income tax refunds helped shore up their sales make some economists and analysts think they will see a wider retrenchment when the refunds are gone and consumers face the cumulative impact of more expensive gas and higher prices for food, clothing, insurance and other goods and services. Trevor Chapman, a communications executive in West Hills, California, says that instead of going to a local independent gas station, he and his wife now plan their fuel stops around Costco stores with filling stations. They also are doing more online food shopping to avoid impulse buys. “Gas is a kind of catalyst,” Chapman says. “It trickles down into the entire budget. We’re trying to keep everything as normal as possible. But it’s starting to feel like it’s adding up more and more.” Well before the U.S. and Israel launched the war, many consumers already were being more choosy with their discretionary purchases, fatigued by several years of stubborn inflation and tariffs on imported goods imposed last year. The U.S. Commerce Department reported last week that higher prices, not more purchases, accounted for most of the growth in Americans’ spending in April, when a key inflation gauge reached the highest level since October 2023. The Associated Press has the full story. Spending habits Have inflation, the U.S.-Iran war and higher gas prices changed your spending habits? Yes, a lot Yes, but only a little No, not at all Δ ...read more read less