Summary
Rising inflation is reshaping Americans’ daily routines, forcing widespread cutbacks. A J.D. Power survey found that over 85% of people have adjusted their spending, with many lowering their thermostats, buying less food, and dining out less. Some even delay medical care or skip medications. Higher costs—exacerbated by geopolitical tensions disrupting oil and fertilizer supplies—have pushed up gas, food, and travel prices. In response, households are seeking extra income while saving less and paying down less debt. Although consumers remain resilient, experts warn that these coping strategies may prove unsustainable and could weaken economic growth.
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