Posted 11/29/2023, 7:00:22 PM
Soaring Prices Lead Over Half of Americans to Cut Back on Entertainment, Dining Out and Vacations
- 57% of people cut back on entertainment spending due to "funflation" making concerts, theme parks, etc. more expensive
- 54% changed eating habits to cope with rising grocery prices that strain the rest of their budget
- 18% reduced vacations due to 10% higher flight prices compared to pre-pandemic times
- 18% trimmed utility costs despite the challenge, as electricity rose 2% over 2022
- 12% cut retirement savings, which experts say hurts emergency funds too