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Inflation Is Recasting Americans’ Relationship With Money — and Each Other

New data from the Harris Poll show 84% of Americans plan to cut back spending as a result of price spikes. It’s also changing consumer behaviors in some unexpected ways.

Bloomberg business news
U.S. Inflation Rises at Fastest Annual Pace Since 1981

The steepest inflation in more than 40 years is rattling budgets across the U.S., fueling changes in spending habits and people’s relationships with one another.

About 84% of Americans plan to cut back on spending as a result of higher prices, according to a nationally representative survey conducted by the Harris Poll for Bloomberg News. The biggest cuts involve eating out and impulse purchases, along with driving and experiences like concerts and sports.