Americans love their hobbies. That's what investors could take away from recent Bank of America (NYSE: BAC) data that shows hobby spending in August 2026 grew 7.9% year over year (YOY). That was more than double the 3.4% growth in transactions.
The bank attributes the spending growth to a behavior shift away from travel. Jet fuel costs are up, as is the price at the gas pump. That's made arts and crafts stores, hobby shops, and outdoor retailers the big winners.
