Two years of high inflation has many Americans shopping in places they wouldn’t normally,Blake Preston scouring for coupons and discounts and learning to do without.
The hit to the average budget is huge: The typical household spent $202 more in July than they did a year ago to buy the same goods and services, tweeted Moody's Analytics chief economist Mark Zandi. "And they spent $709 more (in July) than they did two years ago."
People, especially those with annual earnings less than $100,000, are trying multiple strategies to stretch their dollars, according to the Dallas Fed - from delaying major purchases and medical treatment to decreasing the use of utilities and tapping charities.
Savvy shoppers we talked to offered some of their best strategies to help cope with the ever-increasing costs of everyday life:
Protect your assets: Best high-yield savings accounts of 2023
“Saving as much money as you can in this economy will not only ease the burden on your wallet, but the stress that comes with the high costs we are all trying to get used to,” Sossong said.
“The struggle is still real,” Anz said. “We are not out of the problem yet. We are nowhere near.”
Inflation anxiety remains high:Inflation is easing and a risk of recession is fading. Why are Americans still stressed?
2025-05-03 21:451972 view
2025-05-03 21:312272 view
2025-05-03 20:58506 view
2025-05-03 20:27154 view
2025-05-03 19:482716 view
2025-05-03 19:052703 view
Country music singer Charley Crockett was born and raised in Texas, grew up in a single-wide trailer
NFL games are a spectrum. Some are back-and-forth shootouts. Others are duds without much scoring at
ANDERSON TOWNSHIP, Ohio (AP) — Bengals quarterback Joe Burrow’s home was broken into during Monday N