Posted on 11/30/2022 8:05:52 AM PST by ChicagoConservative27
Record high inflation under Democrat President Joe Biden’s economy — especially in the energy and food categories — is steering consumers away from expensive sustainable products and toward cheap alternatives.
In its guide on global recession the Conference Board, a global think tank, indicated that the consumers who are typically “most enthusiastic” about using more sustainable products — millennial, urban, and Hispanic consumers — are now buying such products less because of the record high inflation.
The board’s consumer research senior researcher, Denise Dahlhoff, wrote in another report that products with environmental or social sustainability were usually priced higher than the regular product by nearly 30 percent in 2021 and the first half of this year.
(Excerpt) Read more at breitbart.com ...
I am not at all sure what this is supposed to be telling me.
Are people not buying enough stuff from companies with high ESG scores? Is that what this means?
If so, I see this as a win.
yep, get woke, go broke.
Yes, it’s called economics. People consider the utility of products they buy and switch to less expensive items however it suits them. Almost everyone is doing that now thanks to potato Joe and his handlers.
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