Americans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting back on non-essential purchases like clothing and furniture. While some retailers see resilience, lower-income customers are noticeably reducing spending. Economists anticipate further retrenchment as tax refunds diminish and the cumulative impact of higher prices is felt across budgets.

US consumers increasingly rely on credit cards and cut discretionary spending amid rising prices and economic uncertainty, says Fed report.

U.S. consumers haven’t stopped spending since the Iran war drove up fuel prices

U.S. consumers haven’t stopped spending since the Iran war drove up fuel prices

Americans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting back on non-essential purchases like…

Well before the Iran war, many consumers already were being more choosy with their discretionary purchases.

“Gas is a kind of catalyst. It trickles down into the entire budget. We’re trying to keep everything as normal as possible.”

“Gas is a kind of catalyst. It trickles down into the entire budget. We’re trying to keep everything as normal as possible. But it’s starting to feel like it’s adding up more and…

The U.S. Commerce Department reported last week that the growth in Americans' spending in April was primarily driven by higher prices, not an increase in purchases