LOUISVILLE, Ky. (WDRB) -- We hear it every day - another store or restaurant chain reporting slower sales.
While the economy is technically still strong, many consumers say they are tapped out.
Home Depot confirmed they are seeing consumers not spending as much as they did two years ago.
Remember "revenge spending?" That was the stimulus check spending boom of 2021, when shoppers snapped up new furniture, clothing, pools, and more.
Now, times have changed.
People are now watching every dime they spend. Many are looking for deals and staying on a budget.
Next to Black Friday and the holiday season, late August is one of the busiest times of the year for stores due to back to school shopping.
The cutbacks are also hitting restaurants, like McDonalds.
On the bright side, less demand means less inflation, which means lower interest rates for borrowers.
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- Local brewery to close Louisville, Lexington locations for good
- Historic Colonial Gardens in south Louisville on the market for nearly $5 million
- Burdorf Interiors in Louisville closing after being in business since 1867
