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Bank of America data points to rising hobby spending in August
The bank said hobby spending rose 7.9% year over year in August 2026, more than double the 3.4% growth in transactions.
MarketBeat Ratings highlights Bank of America data indicating hobby spending growth accelerated in August 2026, supported by a consumer shift away from travel.
According to the bank’s figures cited by MarketBeat, hobby spending increased 7.9% year over year, compared with 3.4% growth in transactions. The bank attributed the shift in part to higher jet fuel costs and gas prices.
The coverage also notes that DICK’S Sporting Goods is among potential market laggards if the trend shows up in fourth-quarter results. It points to DICK’S reported earnings, including sales growth of 5.6% and comparable sales growth of 4.9%.