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How Americans Are Cutting Back

As inflation causes the price of almost everything to rise, many Americans have begun reducing their spending. This chart shows the percentage of U.S. consumers who tried to cut back on various items over the past six months. Why do you think the top three are food-related?

TYPES OF SPENDING / PERCENTAGE OF AMERICANS CUTTING BACK

RESTAURANT DINING  45%

GROCERIES  44%

TAKEOUT/DELIVERY  42%

CLOTHING, SHOES, & ACCESSORIES  40%

GAS  30%

TRAVEL  29%

TV/FILM STREAMING  18%

MUSIC/PODCAST STREAMING  10%

SOURCE: National Research Group. Data is from August 2022.

U.S. News
Economics
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