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Gas at $4: Americans cut back on discretionary spends as fuel bills mount
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.
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thehindubusinessline.com
Amid rising prices US consumers turn to credit cards, cut discretionary spending: Fed Report
US consumers increasingly rely on credit cards and cut discretionary spending amid rising prices and economic uncertainty, says Fed report.
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abcnews.com
From unfilled gas tanks to fewer frills, retailers see US consumers rethink spending
U.S. consumers haven’t stopped spending since the Iran war drove up fuel prices
