June is prime season for weddings and engagements, but Signet Jewelers shared some surprising news last week: The U.S.’s largest jewelry retailer is reporting a decline in sales of engagement rings because, it said, singles who were stuck at home during lockdowns failed to meet their would-be fiancés in 2020.
It begs the questions: Are fewer rings being sold because fewer people are getting down on one knee? Or are shoppers just becoming more cautious and spending less amid rapid inflation and rising uncertainty about the direction of the economy? This New York Times article has some great insight into what this says about our economy right now. In fact, all of these articles have been curated from the news this week to increase your financial acumen and wellness.
If you’re looking ahead to any big life changes in the coming months — like a wedding, graduation, job change or relocation — I’d love to hear about it and help fine-tune your strategy to get you through it. Let’s talk.