Leann
Traveler
Saw this article on cnn.com today:
Consumers are trading down, buying less:
Giving up big-ticket buys but sticking with feel-good little extras:
Right now, the best way I am coping with inflation is driving less. The price of a gallon of regular gasoline where I live will soon be $5.00.
How about you? What changes have you made or do you plan on making to cope with rising costs?
How America is coping with inflation: Buy what's needed, nothing more (https://www.cnn.com/2022/06/02/economy/inflation-impact-consumer-behavior/index.html)
Here is a brief summary:Consumers are trading down, buying less:
- buying or switching to cheaper alternatives
- stop spending on non-essentials
- less impulse shopping, buying less on each shopping trip
- cutting back on eating out, gym memberships, frequent manicures
- buying a candy bar, favorite fragrance or candle
Right now, the best way I am coping with inflation is driving less. The price of a gallon of regular gasoline where I live will soon be $5.00.
How about you? What changes have you made or do you plan on making to cope with rising costs?