Menu Close

How Americans Responded to the Inflation Crisis

This is a syndicated repost published with the permission of Statista | Infographics. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

For large parts of the past two years, inflation has been a major concern for millions of Americans, as the significant increase in prices for many day-to-day purchases has eaten away at their buying power. Not only has inflation neutralized any pay increases, but many Americans were actually left with less than before as wage growth couldn’t keep up with surging prices for essential goods and services, including food, gas and rent.

As a response, many Americans have had to cut back on non-essential spending or find other ways to save some money. According to findings from a joint survey of Statista Q and We Are Social conducted in April 2023, 64 percent of U.S. adults said they spent less on non-essentials, while an equally high share of the 1,009 respondents said they paid more attention to bargains or deals. Only 11 percent of respondents said they didn’t change their behavior at all, showing how universal the impact of inflation has been.

This chart shows the results of a survey regarding the changes in behavior that Americans have adopted due to inflation.

Change in behavior in response to inflation

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading