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Two-thirds of Americans are cutting back on restaurants and movies, 61% are driving less, four in 10 say they are spending less on restaurants and a third are using more credit cards as record 40-year high inflation hits home


Nearly two thirds of Americans have cut back on restaurants, movies and other fun nights out, according to a survey offering the latest snapshot of how 40-year-high inflation is causing widespread economic pain.

Some 65 percent of respondents said they were spending less on concerts and other types of entertainment, while another 61 percent said they were driving less — with the average cost of a gallon of regular gasoline still above $4.50.

More than 4 in 10 are spending less on groceries, according to the CNBC All-America Economic Survey of 800 people earlier this month, and about a third are using their credit cards more often to make it through the crunch.

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3 thoughts on “Two-thirds of Americans are cutting back on restaurants and movies, 61% are driving less, four in 10 say they are spending less on restaurants and a third are using more credit cards as record 40-year high inflation hits home”

  1. Absolutely! They are not staying in OC either. This fall and winter on the island (with prior stims) will be a ghost town. Maybe just maybe more and more businesses will go completely dark than keep the lights burning overnite. They have already cut back on hours in season. Something unheard of.

    Remember they days of demiflushing to count (hahaha) estimate how many in town. Too bad they dont have a mechanism to inflate numbers.

    One only need to use their eyes! Could be less white marlin participants this year too!!!!

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