Consumers are no longer indulging their hard earned money on physical goods, but rather putting that money towards services, like dining out. There are manydifferent types of services that are available to consumers, from business services and professional services, to personal services and repair and maintenance services. In our last post of this series, we…
In the first part of this series, we discussed how states that previously relied on a sales taxes are turning to service taxes to make up for a decreased buying power in specific goods. Consumers are now investing their hard earned dollars into services, like hair styling, dining out, personal training or streaming movies. As…
American spending trends have been changing over the years, moving away from paying for material goods and instead choosing to indulge on services. Increasingly more Americans choose to eat out rather than buy the groceries to prepare food at home. Thanks to advances in technology, we choose to stream music and movies rather than purchasing…
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