As the U.S. election nears, consumer spending is seeing a notable slowdown.

In a recent report in the New York Times , experts say this “election shopping slump” happens every four years, with consumers hesitating on major purchases like homes, cars, and weddings. Real estate appraisers and car dealers report consistent dips in sales during election years, with a rebound after the polls close.

Experts suggest that uncertainty drives this trend, as people prefer holding onto cash until the political outcome is clear. Despite the slowdown in big-ticket items, everyday spending, such as retail shopping, continues to grow. The post-election period often brings a surge in sales.