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 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.
{democracy:287}
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