Rising Prices Make Luxuries Unaffordable for Many as Inflation Hits Everyday Items
-
Fast food, Airbnb, streaming services, having children, and concerts are no longer seen as affordable luxuries by many consumers.
-
Everyday items like brisket, lattes, alcoholic drinks, cars, and health insurance are rapidly increasing in price.
-
Consumers are frustrated by add-on fees and shrinking package sizes that disguise true costs.
-
Some consumers are changing behaviors, like investing in at-home coffee machines or skipping new cars.
-
Many feel priced out of participating in activities they used to enjoy and are scaling back on non-essentials.