Results for - National survey shows where Americans are making cuts amid inflation
Americans are tightening their belts as the price of gas, food and most other goods and services hit a 40-year high. A new survey from New Jersey-based financial institution Provident Bank suggests Americans are cutting back on nonessential purchases, such as dining out and leisure travel, as they are now paying significantly more each month for essential items due to soaring inflation. - The Hill
1. Have you done any of the following due solely to inflation?
Started shopping at discount stores
2. Close to half, 46 percent, said they are using credit cards more or "much more" frequently on routine purchases compared to 2021. Are you using credit cards more than in 2021?
3. The annual inflation rate increased from 8.3 percent in April to 8.6 percent in May. May's annual inflation marked the fastest yearly increase in prices since inflation hit 8.9 percent in December 1981. Do you think we will hit 8.9% before the end of the year?