How has higher cost of living had an impact on the consumption of clothing?
How has higher cost of living had an impact on the consumption of clothing? “One reason why people resist change is because they focus on what they have to give up, instead of what they have to gain”- Rick Godwin Higher cost of living has meant that consumers have had to cut costs all around, including on expenditures such as clothing, as essential costs such as energy prices have become quite costly. People are concerned with the cost of living. In fact, according to the Office of National Statistics, three in four adults (77%) have revealed that they feel pretty or relatively worried about the increase in living costs. 81% of which are women, 73% are men, who reported feeling concerned or slightly concerned