The Rixse Todd Group - Baird Private Wealth Management

☕ What's brewing with coffee prices? The latest market trends are eye-opening.

Weather challenges in Vietnam and South America have created an interesting ripple effect in the coffee industry. While Brazil's farmers strategically manage their supply, local coffee shops are working hard to minimize the impact on your daily cup.

Here's what's interesting: While wholesale prices have nearly doubled from last year, many coffee shops are absorbing much of the increase. For example, that recent $1 surge per pound is only translating to about 30-50 cents more for consumers.

Despite these increases, our collective coffee habits remain strong, showing just how much we value our daily brew. 💫


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Why your morning cup of coffee might be costing you more It's certainly not hard to miss that the price of coffee has been steadily going up, but why is it happening?

Holiday Shopping Trends: Buy Now, Pay Later Set to Break Records 💳

Key points to consider this holiday season:
▪️ BNPL spending is projected to reach $18.5 billion, up 11.4% from last year.
▪️ This outpaces the expected 8.4% rise in overall holiday spending.
▪️ BNPL allows purchases to be paid in installments, often over 4 payments.

While BNPL offers flexibility, be aware of potential risks:
▪️ Some use credit cards for BNPL payments, potentially increasing debt
▪️ Credit card delinquency rates are at their highest since 2011
▪️ Consumer watchdogs warn about possible debt cycles

As you plan your holiday shopping:
▪️ Consider your budget and ability to meet future payments
▪️ Understand the terms of BNPL services
▪️ Explore alternative payment methods that suit your financial situation

Responsible spending is key to long-term financial health. 🎁


Source:

US holiday spending on buy now, pay later to hit record due to debt-laden shoppers Such services let shoppers expand their purchasing power by paying for merchandise in monthly installments.