[ILUVSAT]

"Inflation" is, I believe, a big driver in whether or not to "go out." It's simply just too expensive these days. People used to be able to go out multiple times a week. Now, they have to be more cautious about their disposable income and where it goes.

In addition to current costs - people are realizing things may not be getting better anytime soon.

On May 24, 2023, Forbes Magazine stated the following:

"Rising interest rates, high inflation, an inverted yield curve and an unexpected banking crisis have all been cited as reasons that a recession could be imminent. The New York Fed recession probability indicator suggests there is a 68.2% chance of a U.S. recession sometime in the next 12 months."

We're in for a bumpy ride folks.