McKinsey Report Finds Frugal Shoppers, Selective Splurgers

Consumers are still cautious, but they will splurge and spend more if they feel like they’re getting a good value.

A new report from McKinsey & Co. surveyed more than 22,000 consumers around the globe and found that more than half are worried that someone in the family will lose their job. This fear is leading them to delay purchases and clip coupons.