Millennial Money short on time. Thesis. The idea that in a post-pandemic world, people were eager to splurge on experiences like travel, theme parks, concerts, even, well, just going out to dinner.But over the past few weeks, it looks like the experiential economy ain't what it used to be. Even though I'm not ready to throw in the towel on this theme, there's beginning to be a lot to worry about here. Let's start with the macro data, or at least the data we have access to.Because most of the stuff has been ...

Has the experiential economy theme finally run its course. For the past few years, this has been a huge source of winners for us. Originally, we called it the long on money, short on time thesis.The idea that in a post-pandemic world, people were eager to splurge on experiences like travel, theme parks, concerts, even well, just going out to dinner. But over the past few weeks, it looks like the experiential economy ain't what it used to be. Even though I'm not ready to throw in the towel on this theme, the ...

Group 1 - The experiential economy, which thrived post-pandemic, is showing signs of decline, raising concerns about its sustainability [1][2] - The initial thesis of consumers spending more on experiences rather than goods is being challenged as recent data indicates a downturn [2] - Macro data suggests a deteriorating labor market, with job creation averaging less than 30,000 net new jobs per month from June to August [3] Group 2 - Private sector hiring data from ADP indicates an average loss of 11,250 jobs per week over a four-week period ending October 25, highlighting a significant employment decline [4] - The Federal Reserve's decision to cut rates in September was a response to worsening employment conditions, but future rate cuts are uncertain due to rising inflation [4][5]