Rising inflation has meant fewer restaurant meals, getaways and even doctor visits for many Americans, as nearly 4 in 10 say their family finances have gotten worse in the last year.
In happier times, Susan Morrison and her husband Calvin liked to vacation in their motor home. But they've had to park it this year because of the high cost of diesel fuel. Susan Morrison knew something was wrong when she bought a new tub of cottage cheese.
Most blame the worst inflation the United States has seen in four decades. Consumer prices across the board rose 8.3% in August from a year earlier, aThanks inflation: almost everyone says they're cutting back and staying in Morrison used to volunteer weekly with at a senior center in Simi Valley, but now goes only every other week to save on gasoline. She and her husband have also cut back on travel.
Lavender Justice, who works as a pizza delivery driver in suburban Atlanta, suffered a drop in income earlier this summer when gas prices soared. Although gas prices have since fallen, the delivery business hasn't fully recovered. Fewer people are ordering pizza some nights. And even when it's busy, tips are down.
Missing a rent or mortgage payment can be a sign of more serious economic distress. Less than 10% of those surveyed said they'd skipped or delayed such a payment in the last six months.
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