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Nine out of 10 Americans who currently have a job don’t expect to get a pay raise this year even as they struggle with higher gasoline and food prices, according to the latest American Pulse survey.

To make up for the lost pay, Americans are cutting back in other areas with the most — 70.5% — saying they would only stick to necessities. Only 6.6% say they aren’t making any financial adjustments.

How Americans are watching their pennies
How cutting back % polled
Only buying necessities 70.5%
Driving less 63.4%
Spending less on clothes 58.9%
Comparison shopping 53.1%
Sticking to a strict budget 50.0%
Spending less on groceries 42.0%
Buyng more brand/generics 9.9%
Nothing 6.6%
Source: American Pulse Survey

The survey polled 5,242 American from June 7 to June 9.   See the full results HERE.

So tell us …

{democracy:287}


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