{"id":1432795,"date":"2023-10-14T15:05:00","date_gmt":"2023-10-14T19:05:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1432795"},"modified":"2023-10-14T15:05:00","modified_gmt":"2023-10-14T19:05:00","slug":"how-americans-responded-to-the-inflation-crisis","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/how-americans-responded-to-the-inflation-crisis\/1432795\/","title":{"rendered":"How Americans Responded To The Inflation Crisis"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">How Americans Responded To The Inflation Crisis<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><strong>For large parts of the past two years, inflation has been a major concern for millions of Americans, <\/strong>as the significant increase in prices for many day-to-day purchases has eaten away at their buying power.<\/p>\n<p><a href=\"https:\/\/www.statista.com\/chart\/31034\/change-in-behavior-in-response-to-inflation\/\">As Statista&#8217;s Felix Richter notes,<\/a> not only has inflation neutralized any pay increases, but<strong> many\u00a0<a href=\"https:\/\/www.statista.com\/chart\/27610\/inflation-and-wage-growth-in-the-united-states\/\">Americans were actually left with less<\/a>\u00a0than before<\/strong> as wage growth couldn\u2019t keep up with surging prices for essential goods and services, including food, gas and rent.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2023-10-13_14-50-30.jpg?itok=TIOLHzBY\"><\/a><\/p>\n<p>As a response, many Americans have <strong>had to cut back on non-essential spending <\/strong>or find other ways to save some money.<\/p>\n<p><a href=\"https:\/\/www.statista.com\/chart\/31034\/change-in-behavior-in-response-to-inflation\/\" title=\"Infographic: How Americans Responded to the Inflation Crisis | Statista\"><\/a><\/p>\n<p><em>You will find more infographics at <a href=\"https:\/\/www.statista.com\/chartoftheday\/\">Statista<\/a><\/em><\/p>\n<p>According to findings from a joint survey of\u00a0<a href=\"https:\/\/www.statista.com\/global-consumer-survey\/surveys#gcs-special-rethinking-value\">Statista Q<\/a>\u00a0and\u00a0<a href=\"https:\/\/wearesocial.com\/us\/blog\/2023\/05\/new-report-rethinking-value-during-a-cost-of-living-crisis\/\">We Are Social<\/a>\u00a0conducted in April 2023,<strong> 64 percent of U.S. adults said they spent less on non-essentials<\/strong>, 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\u2019t change their behavior at all, showing how universal the impact of inflation has been.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Sat, 10\/14\/2023 &#8211; 11:05<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/personal-finance\/how-americans-responded-inflation-crisis\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/personal-finance\/how-americans-responded-inflation-crisis<\/a>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Americans Responded To The Inflation Crisis For large parts of the past two years, inflation has been a major concern for millions of Americans,&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1432795","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1432795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1432795"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1432795\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1432795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1432795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1432795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}