19% of respondents said they had cut back on grocery shopping due to inflation, according to a new survey from the American Consumer Credit Counseling (ACCC) organization. The rate of inflation increased to 8.5% in March, a 40-year high.
With inflation now at levels not seen in decades, Americans are cutting back on everything from gas to groceries, according to a new survey from the American Consumer Credit Counseling organization.
Another area of concern is vacation spending: 24% said they were postponing any travel and another 26% said they were modifying travel plans to reduce costs.“On a broader level, 93% of survey respondents said that rising costs have impacted their family’s lifestyle. ”
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