Amid growing economic uncertainty, consumers in Montgomery County and nationwide have been significantly paring back their spending, writes Erin McCarthy for The Philadelphia Inquirer.
Jennifer Tran, a Bryn Mawr resident and marketing consultant, is feeling anxious due to the uncertainty ahead.
“Financially we’re feeling OK, but the future is very uncertain,” said 41-year-old Tran. “My husband and I are just taking things day by day. Not super worried, but being more mindful of spending on unnecessary things or big-ticket items.”
But while they are saving money, the couple also want to support regional businesses and those that align with their values. Sometimes it can be difficult to do both.
For example, they have no fuel costs or car payments due to owning a Tesla. However, many purchased their car before the company’s owner Elon Musk became part of the Trump administration. So, while they would prefer not to support him, they cannot justify selling a paid-off electric car.
For groceries, the pair goes to MOM’s Organic Market, McCaffrey’s Food Market in Gladwyne, and Riverwards Produce, along with local farmer’s markets. However, they are now staying away from Target due to its move away from diversity, equity, and inclusion efforts.
Read more about the couple in The Philadelphia Inquirer.
