Discretionary costs are optional and can be cut to help with cost savings. A magazine subscription, for instance, is a discretionary expense.
Consumer spending has increased, which in turn aids in the economy's ability to continue growing. If for any reason consumer confidence drops, people start to spend less money because they are less confident about their financial futures; this has an impact on businesses since they start to see a drop in sales. In a plutocracy, public policies that benefit the wealthy frequently do so by harming the interests of the middle class and small businesses rather than by directly advancing the interests of the wealthy. As a result, the wealthy tend to enjoy a more secure competitive position in day-to-day business, investment activity, and financial markets. Numerous elements influence consumer confidence. include shifts in inflation, unemployment rates, and housing prices. 9 Consumer confidence is damaged and wealth accumulation is compromised by declining housing prices. Consumers' confidence in the status of the economy is also severely impacted by rising unemployment rates discretionary items.
Learn more about discretionary here :
https://brainly.com/question/19350855
#SPJ4