The Rising Influence of Rising Affluence

[DewDiligence]

Uh oh—mattress sales are sagging:

https://www.wsj.com/articles/mattress-companies-trim-costs-delay-product-launches-as-demand-falls-11650916104

“…mattresses are an early tell on a spending slowdown,” said Peter Keith, an analyst at financial-services company Piper Sandler Cos. A mattress is a relatively easy purchase to defer because they wear out rather than break and consumers don’t look at them daily, Mr. Keith said.