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Inflation and recession fears are squeezing some industries more than others

Retail spending increased 0.9% in April, boosted by demand and inflation

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.

Jim Watson | AFP | Getty Images

People still appear willing to shell out to travel, go to the movies and have a drink or two, even as surging prices and fears of a recession have them pulling back in other areas.

How people spend their money is shifting as the…


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