Consumer spending to grow 6% in 2025: Nielsen IQ report
NIQ COO Tracey Massey joins Wealth! to discuss some of the latest findings in Nielsen IQ's latest consumer outlook report.
"We're expecting in 2025 for consumer growth to be about 6%. So you'd say, 'Wow, maybe that feels a little high,' but 30% of consumers are saying they're better off financially than they were a year ago. So while things are still difficult, they are saying they'll curb their spending, particularly on things like out-of-home entertainment, out-of-home dining, those sorts of things," Massey tells Yahoo Finance.
She also highlights how AI is influencing consumers' buying decisions, noting that 40% said they would use AI product recommendations. "I think people don't see it as so much as interference anymore, but here's an opportunity, here's an idea for you."
Watch the video above to hear what consumers are saying about GLP-1s.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Melanie Riehl
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