According to analysts at our sister company Bloomberg Industries, at-home alcohol consumption tends to move inversely to consumer confidence, which had a huge decline in August. They also explain that "craft beers and flavored spirit-based beverages are likely to benefit from higher at-home consumption as cash-strapped consumers search out products that they view as affordable luxuries."
Wednesday, October 26, 2011
Drinking at home up, consumer confidence down
During the recession, Americans are increasingly drinking their Jim Beam at home.
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