As the price of seemingly everything goes up and up on a daily basis, what items or services are you no longer prepared to pay the asking price for?
Given that we have generous final salary pensions plus state pensions and a substantial savings buffer we are in the fortunate position of not being priced out of anything we have habitually spent our money on.
Two factors at play:
Shrouds don't have pockets - kids might inherit a bit less but we are not going to run out.
And
Those of us who continue to have enough cash should continue to spend and keep the local economy going.
Though I must say, I'm even more inclined to give my business to the small shop/restaurant rather than the Corporate chains. I've always avoided the likes of Starbucks, now we actively seek the small local Caff.
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