Economy

Consumers squeezed by inflation plan to cut back if prices keep surging

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Edwin Lopez sorts the money in the cash register at Frankie’s Pizza on January 12, 2022 in Miami, Florida.

Joe Raedle | Getty Images

 

As inflation continues to weigh on American households, people are plotting what they’ll cut from their budgets in the coming months to keep spending in check.

More than 50% of adults say they’ve already cut back on dining out and will consider reducing that further if inflation continues to surge, according to the CNBC + Acorns Invest in You survey, conducted by Momentive. The online survey of nearly 4,000 adults was conducted March 23-24.  

People are also cutting back on driving and subscriptions and are even canceling…



Source cnbc.com

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