With spending habits waning amid soaring interestrates and rising gas prices, it is perhaps useful to note the trends in the stickiest of spending habits - tobacco, alcohol, and fast food...
Norway tops the heap in terms of alcohol and tobacco spend...
[6]
But USA is #1 in terms of carbonated drink consumption per capita (USA USA USA!!)
[7]
Estonia rises to the top of the alcohol consumption list with the US not even in the Top 15...
[8]
But we suspect the dominance of fast food outlets is centered in the US...
[9]
and perhaps notably the percentage of pre-tax income spent on these 'vices' has become much less class-dependent in the last decade...
Charts: Goldman Sachs