Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "ACCEPT", you acknowledge our privacy policy and consent to the use of cookies. 
Our Privacy Policy has been updated! Detailed information on the use of cookies on this site is provided in our cookie policy and our privacy policy. 
TCB Tourch
Loading...
  •  
    • NORTH AMERICA
    • EUROPE
    • ASIA
  • 2

    Close
    • Insights
        • Insights
        • Explore by Center
          • Explore by Center
          • CED
            Committee for Economic Development

          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

          • Marketing & Communications

        • Explore by Content Type
          • Explore by Content Type
          • Reports

          • Upcoming Webcasts

          • On Demand Webcasts

          • Podcasts

          • Charts & Infographics

          • Explore All Research

          • Economic Indicators

        • Trending Topics
          • Trending Topics
          • Artificial Intelligence (AI)

          • Navigating Washington

          • Geopolitics

          • US Economic Forecast

          • Sustainability

          • Future of Work

          • Explore All Trending Topics

    • Events
        • Events
        • Upcoming Events
          • Upcoming Events
          • 2026: A Year in Preview

          • 2026 Corporate Communications

          • 26th Annual Employee Health Care Conference - New York

          • 26th Annual Employee Health Care Conference – San Diego

          • Corporate Citizenship Awards Dinner

          • 2026 Corporate Citizenship Summit

          • Explore all Upcoming Events

          • Sponsor a Program

        • Member-Exclusive Programs
          • Member-Exclusive Programs
          • Center Briefings

          • Expert Briefings

          • Experts Live

          • Roundtables

          • Working Groups

          • View all Upcoming Events, Programs, and Webcasts

    • Data
        • Data
        • All Data

        • Consumer Confidence Index®

        • Data Central

        • TCB Benchmarking

        • Recession & Growth Trackers

        • Global Economic Outlook

        • Leading Economic Indicators

        • Help Wanted OnLine

        • Labor Markets

        • Measure of CEO Confidence

        • CMO+CCO Meter Dashboard

    • Centers
        • Centers
        • Our Centers
          • Our Centers
          • Committee for Economic Development

          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

          • Marketing & Communications

        • Center Membership
          • Center Membership
          • What Is a Center?

          • Benefits of Center Membership

          • Join a Center

    • Councils
        • Councils
        • Find a Council
          • Find a Council
          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

          • Marketing & Communications

        • Council Membership
          • Council Membership
          • What is a Council?

          • Benefits of Council Membership

          • Apply to a Council

    • Membership
        • Membership
        • Why Become a Member?
          • Why Become a Member?
          • Benefits of Membership

          • Check if Your Organization is a Member

          • Speak to a Membership Associate

        • Types of Membership
          • Types of Membership
          • Council

          • Committee for Economic Development

          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

          • Marketing & Communications

          • Higher Education

          • Insights

        • Already a Member?
          • Already a Member?
          • Sign In to myTCB®

          • Executive Communities

          • Member-Exclusive Programs

          • Refer a Leader - Earn a Reward

    • About Us
        • About Us
        • Who We Are
          • Who We Are
          • About Us

          • In the News

          • Press Releases

          • Our History

          • Support Our Work

          • Locations

          • Contact Us

        • Our Community
          • Our Community
          • Our Leadership

          • Our Experts

          • Trustees

          • Voting Members

          • Global Counsellors

          • Careers

          • This Week @ TCB

    • Careers
    • This Week @ TCB
    • Sign In to myTCB®
      • NORTH AMERICA
      • EUROPE
      • ASIA
    • Insights
      • Insights
      • Explore by Center
        • Explore by Center
        • CED
          Committee for Economic Development

        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

        • Marketing & Communications

      • Explore by Content Type
        • Explore by Content Type
        • Reports

        • Upcoming Webcasts

        • On Demand Webcasts

        • Podcasts

        • Charts & Infographics

        • Explore All Research

        • Economic Indicators

      • Trending Topics
        • Trending Topics
        • Artificial Intelligence (AI)

        • Navigating Washington

        • Geopolitics

        • US Economic Forecast

        • Sustainability

        • Future of Work

        • Explore All Trending Topics

    • Events
      • Events
      • Upcoming Events
        • Upcoming Events
        • 2026: A Year in Preview

        • 2026 Corporate Communications

        • 26th Annual Employee Health Care Conference - New York

        • 26th Annual Employee Health Care Conference – San Diego

        • Corporate Citizenship Awards Dinner

        • 2026 Corporate Citizenship Summit

        • Explore all Upcoming Events

        • Sponsor a Program

      • Member-Exclusive Programs
        • Member-Exclusive Programs
        • Center Briefings

        • Expert Briefings

        • Experts Live

        • Roundtables

        • Working Groups

        • View all Upcoming Events, Programs, and Webcasts

    • Data
      • Data
      • All Data

      • Consumer Confidence Index®

      • Data Central

      • TCB Benchmarking

      • Recession & Growth Trackers

      • Global Economic Outlook

      • Leading Economic Indicators

      • Help Wanted OnLine

      • Labor Markets

      • Measure of CEO Confidence

      • CMO+CCO Meter Dashboard

    • Centers
      • Centers
      • Our Centers
        • Our Centers
        • Committee for Economic Development

        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

        • Marketing & Communications

      • Center Membership
        • Center Membership
        • Benefits of Center Membership

        • Join a Center

    • Councils
      • Councils
      • Find a Council
        • Find a Council
        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

        • Marketing & Communications

      • Council Membership
        • Council Membership
        • Benefits of Council Membership

        • Apply to a Council

    • Membership
      • Membership
      • Why Become a Member?
        • Why Become a Member?
        • Benefits of Membership

        • Check if Your Organization is a Member

        • Speak to a Membership Associate

      • Types of Membership
        • Types of Membership
        • Council

        • Committee for Economic Development

        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

        • Marketing & Communications

        • Higher Education

        • Insights

      • Already a Member?
        • Already a Member?
        • Sign In to myTCB®

        • Executive Communities

        • Member-Exclusive Programs

        • Refer a Leader - Earn a Reward

    • About Us
      • About Us
      • Who We Are
        • Who We Are
        • About Us

        • In the News

        • Press Releases

        • This Week @ TCB

        • Our History

        • Support Our Work

        • Locations

        • Contact Us

      • Our Community
        • Our Community
        • Our Leadership

        • Our Experts

        • Trustees

        • Voting Members

        • Global Counsellors

        • Careers

        • This Week @ TCB

    • Careers
    • Sign In to myTCB®
    • Download TCB Insights App
  • Insights
    Insights

    Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years.

    Economic Indicators

    • Explore by Center
    • CED
      Committee for Economic Development
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    • Marketing & Communications
    • Explore by Content Type
    • Reports
    • Upcoming Webcasts
    • On Demand Webcasts
    • Podcasts
    • Charts & Infographics
    • Trending Topics
    • Artificial Intelligence (AI)
    • Navigating Washington
    • Geopolitics
    • US Economic Forecast
    • Sustainability
    • Future of Work
    • Explore All Trending Topics
  • Events
    Events

    Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners.

    View all Upcoming Events, Programs, and Webcasts

    Sponsor a Program

    • Upcoming Events
    • 2026: A Year in Preview

      January 28, 2026

      2026 Corporate Communications

      March 05 - 06, 2026

      26th Annual Employee Health Care Conference - New York

      March 17 - 18, 2026

    •  
    • 26th Annual Employee Health Care Conference – San Diego

      April 16 - 17, 2026

      Corporate Citizenship Awards Dinner

      April 22, 2026

      2026 Corporate Citizenship Summit

      April 23 - 24, 2026

    • Member-Exclusive Programs
    • Center Briefings
    • Expert Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • Explore by Type
    • Events
    • Webcasts
    • Podcasts
    • Member-Exclusive Programs
    • Center Briefings
    • Expert Briefings
    • Experts Live
    • Roundtables
    • Working Groups
  • Data
    Corporate Disclosure Data

    TCB Benchmarking

    Real-time data visualizations to benchmark your governance, compensation, environmental, human capital management (HCM) and social practices against US public companies.

    Economic Data

    All Data

    Consumer Confidence Index®

    Data Central

    One-stop, member-exclusive portal for the entire suite of indicators

    Labor Markets

    Measure of CEO Confidence

     

    Recession & Growth Trackers

    Current & future state of 16 economies

    Global Economic Outlook

    Growth outlooks for 77 economies

    Leading Economic Indicators

    State of the business cycle for 12 global economies across Asia and Europe

    Help Wanted OnLine

    Status of the US job market

    Other Featured Data

    CMO+CCO Meter Dashboard

  • Centers
    Centers

    Centers offer access to world-class experts, research, events, and senior executive communities.

    Our Centers
    • Committee for Economic Development
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    • Marketing & Communications
    Center Membership
    • Benefits of Center Membership
    • Join a Center
  • Councils
    Councils

    Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function.

    Find a Council
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    • Marketing & Communications
    Council Membership
    • Benefits of Council Membership
    • Apply to a Council
  • Membership
    Membership

    Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth.

    • Why Become a Member?
    • Benefits of Membership
    • Check if Your Organization is a Member
    • Speak to a Membership Associate
    • Types of Membership
    • Council
    • Committee for Economic Development
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    • Marketing & Communications
    • Higher Education
    • Insights
    • Already a Member?
    • Sign in to myTCB®
    • Executive Communities
    • Member-Exclusive Programs
    • Refer a Leader - Earn a Reward
  • About Us
    About Us

    The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead®. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future.

    • Who We Are
    • About Us
    • In the News
    • Press Releases
    • Our History
    • Support Our Work
    • Locations
    • Contact Us
    • Our Community
    • Our Leadership
    • Our Experts
    • Trustees
    • Voting Members
    • Careers
    • This Week @ TCB
Check if You're a Member
Create Account
Forgot Your Password?

Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's Ahead ® including webcasts, publications, data and analysis, plus discounts to conferences and events.

Men Lead Spending on “Little Luxuries” amid Growing Economic Caution

19 November 2025 | Press Release

Download Release  
  • Email
  • Linkedin
  • Facebook
  • X
  • Copy Link

True

Consumers Turn to Healthy Eating at Home and Cut Back on Tech, Eating Out, and Travel

Against a backdrop of continued economic uncertainty, Americans are maintaining—or even increasing—their spending on “little luxuries” more than they are cutting back. That’s according to a survey of 3,000 US consumers from The Conference Board, based on their self-reported spending behaviors (which may or may not align with actual spending).

The report reveals that affordable indulgences like healthy at-home foods, ice cream, non-alcoholic beverages, and streaming content are proving resilient, even as consumers cut back overall on certain discretionary purchases—including dining out, apparel, travel, and live entertainment. Yet, for a portion of US consumers, some of these same areas have become more popular. One person's treat is another's cost-saving opportunity.

The findings highlight a divergent economy: higher-income households are fueling the growth in little luxuries disproportionately relative to their segment size, especially in more costly categories such as travel and live entertainment. And perhaps surprisingly, men—not women—are driving growth in most small luxury categories.

“Today’s most popular small luxuries reflect a mix of mindful indulgence and broader consumer trends—healthier eating, shared experiences, and affordable entertainment,” said Denise Dahlhoff, PhD, Director of Marketing & Communications Research at The Conference Board and author of the report. “Consumers value affordable, feel-good everyday pleasures even more during uncertain times, especially those that support healthy living. Likewise, streaming services both reflect our digital lifestyles and offer a lower-cost alternative to live events.”

 alt=

Key findings from the report include:

Consumers continue to indulge—especially in food and experiential services.

  • Healthy at-home food leads the list of small luxury categories that have been purchased more frequently than four months prior, ahead of eating out and ice cream—all food-related categories.
  • Leading non-food categories that have been purchased more often are clothing, streaming content, and travel. This reflects both evergreen delights (apparel) and digital lifestyle and experience-seeking (streaming, travel).
  • These patterns point to a shift toward “practical pleasure”—affordable treats that blend emotional satisfaction with necessary spending.

Men are leading the growth in little luxuries.

  • Across nearly all categories except cosmetics, men are spending more frequently on small indulgences than women.
  • Men are especially fueling growth in live entertainment, exercise, tech devices, gaming, travel, and alcoholic beverages.
  • The findings challenge outdated stereotypes that women are “frivolous spenders.” Instead, they show that men are driving discretionary purchases during uncertain times, while women may be more financially cautious, focusing more on the household budget and prices.

Higher-income households are driving disproportionate growth.

  • Consumers earning over $125,000 per year account for a notably larger share of small-luxury spending than their population size would suggest.
  • They particularly contribute to the growth in digital wellness, travel, and live entertainment, while lower-income households focus their small treats on ice cream, beverages, healthy at-home food, and clothing.
  • This reinforces a two-speed economy, with affluent consumers still able to indulge in costlier discretionary spending while others prioritize essentials.

Younger consumers remain the “treat generation.”

  • US consumers under 55 are buying small luxuries more often than older groups.
  • Younger consumers are also cutting back less across categories, making them an attractive target audience for marketers of affordable indulgences.
  • In particular, younger consumers are driving more frequent purchases in categories such as spa services, gaming, exercise, and digital wellness.
     

About The Conference Board

The Conference Board is the member-driven think tank that delivers Trusted Insights for What's Ahead®®. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501(c)(3) tax-exempt status in the United States. TCB.org

Media Contact:

Jonathan Liu
jliu@tcb.org

Other Related Resources

Quick Take

The End of Student Loan Relief: Another Headwind for Consumer Spending

The End of Student Loan Relief: Another Headwind for Consumer Spending

August 07, 2025

Podcasts

The State of the Economy for May 2025

The State of the Economy for May 2025

May 27, 2025

Article

How Businesses Can Succeed as US Consumers Guard Wealth, Health Amid Uncertainty

How Businesses Can Succeed as US Consumers Guard Wealth, Health Amid Uncertainty

May 12, 2025

Article

Social Standing: Current Attitudes About Social Media

Social Standing: Current Attitudes About Social Media

April 02, 2025

Report

Politics Shapes US Consumer Views About 2025

Politics Shapes US Consumer Views About 2025

February 10, 2025

Article

US Consumers Hope for Lower Prices and Taxes in 2025

US Consumers Hope for Lower Prices and Taxes in 2025

December 17, 2024

Article

US Consumer Confidence Survey

US Consumer Confidence Survey

September 24, 2024

Podcasts

The State of the Economy for August 2024

The State of the Economy for August 2024

August 27, 2024

Podcasts

The State of the Economy for July 2024

The State of the Economy for July 2024

July 30, 2024

Brief

June CPI data support Fed rate cuts later this year

June CPI data support Fed rate cuts later this year

July 11, 2024

Podcasts

The State of the Economy for June 2024

The State of the Economy for June 2024

June 25, 2024

Podcasts

The State of the Economy for May 2024

The State of the Economy for May 2024

May 28, 2024

Podcasts

The State of the Economy for April 2024

The State of the Economy for April 2024

April 30, 2024

Podcasts

The State of the Economy for March 2024

The State of the Economy for March 2024

March 26, 2024

Quick Take

Higher Interest Rates Will Force Consumers to Be More Frugal

Higher Interest Rates Will Force Consumers to Be More Frugal

March 07, 2024

Podcasts

The State of the Economy for February 2024

The State of the Economy for February 2024

February 27, 2024

Podcasts

The State of the Economy for January 2024

The State of the Economy for January 2024

January 30, 2024

Podcasts

The State of the Economy for November 2023

The State of the Economy for November 2023

November 28, 2023

Podcasts

The State of the Economy for October 2023

The State of the Economy for October 2023

October 31, 2023

Podcasts

The State of the Economy for May 2023

The State of the Economy for May 2023

May 31, 2023

Brief

Retail Sales slipped further in March

Retail Sales slipped further in March

April 14, 2023

Quick Take

The End of Student Loan Relief: Another Headwind for Consumer Spending

The End of Student Loan Relief: Another Headwind for Consumer Spending

August 07, 2025

Podcasts

The State of the Economy for May 2025

The State of the Economy for May 2025

May 27, 2025

Article

How Businesses Can Succeed as US Consumers Guard Wealth, Health Amid Uncertainty

How Businesses Can Succeed as US Consumers Guard Wealth, Health Amid Uncertainty

May 12, 2025

On Demand Webcasts

Economy Watch: Trends in Consumer & CEO Confidence

Economy Watch: Trends in Consumer & CEO Confidence

November 12, 2025

Councils

Global Benefits Council

Global Benefits Council

On Demand Webcasts


Economy Watch: Trends in Consumer & CEO Confidence

Economy Watch: Trends in Consumer & CEO Confidence

November 12, 2025

Councils


Global Benefits Council

Global Benefits Council

Conference Board Sample Web Chat
chatbot-Icon
TCB Logo
chatbot-Icon
C-Suite Insights - Stay updated on the biggest issues facing business executives.
ABOUT US
  • Who We Are
  • Our History
  • Our Experts
  • Our Leadership
  • In the News
  • Press Releases
EXPLORE
  • Membership
  • Centers
  • Councils
  • TCB Benchmarking
  • Ask TCB
  • Events
  • Webcasts
  • Podcasts
  • This Week @ TCB
 
  • Events
  • Webcasts
  • Podcasts
  • This Week @ TCB
CONTACT US
  • North America
    +1 212 759 0900
    customer.service@tcb.org
  • Europe/Africa/Middle East
    +32 2 675 5405
    brussels@tcb.org
  • Asia
    Hong Kong | +852 2804 1000
    Singapore | +65 8298 3403
    service.ap@tcb.org
CAREERS
  • See Open Positions
Terms Of Use | Privacy Policy | Event Code of Conduct | Trademarks
© 2025 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
The use of all The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.
Terms of Use | Privacy Policy | Event Code of Conduct | Trademarks
© 2025 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
The use of all data from The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.

Thank you for signing up. You will now receive CEO Insights for What's Ahead every Wednesday morning. You can unsubscribe at any time or manage your preferences to receive more content from The Conference Board.

EVENT PORTAL

Forgot Password | Resend account confirmation

Important: Your Membership subscription payment is past due. We have not yet received your Membership payment. Please click the button below to pay your invoice.

Pay Invoice

Announcing The Conference Board AI Virtual Conference Series

Explore the Impact of AI on Your Business

Members receive complimentary registration - Learn more >>