Splurge now, save later? 4 things to buy before prices rise
By Tommy Tindall, NerdWallet
My wife and I hate our washer and dryer. Both appliances still operate, but the washer leaves behind what looks like little specs of mildew every load. The dryer takes three times on high to get a load dry.
All the trade war talk has us wondering if we should nab a deal now while it doesn’t seem so bad.
A lot of people are worried about tariffs, according to the Consumer Confidence Board’s June Consumer Confidence Index. The report said purchasing plans for appliances were slightly up in June, car-buying plans were steady and electronic-buying plans were down.
The affluent — and I’m not saying that’s me — may be leading the charge.
Back in May, 26% of consumers making $125,000 or more indicated that they’d made purchases ahead of potential tariffs. Expected price rises haven’t fully landed, but economists say they are coming.
“Consumers are seeing their way through the uncertainty with trade policies,” National Retail Federation Chief Economist Jack Kleinhenz said in a June prepared statement. “But I expect the inflation associated with tariffs to be felt later this year.”
