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Nearly two-thirds of Europeans trying to reduce consumption over financial concerns: report

June 9, 2026

Paris in the spring Rising energy prices and geopolitical tensions compounded by years of inflation pressure have dampened ardor for European consumer spending, with implications for luxury and non-luxury sectors. Seen here: Paris in the spring. Image credit: Shutterstock

 

By Luxury Marketer Intelligence

In an alarming but ongoing trend, consumers in Europe are continuing to pare back spending over personal financial concerns.

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