As the Biden economy continues to spiral into failure, Americans are now being forced to cut down on eating out and travel to try and make ends meet.
Americans are now at the portion of economic malaise where they are seriously cutting back on enjoyable things to save money as necessities continue to soar in costs.
Per the Washington Post:
Over the past several weeks, households had already cut back on big-ticket purchases because of soaring prices, but in a worrisome twist, data suggests consumers are also beginning to tap the brakes on dining out, vacation plans and even routine services like manicures, hair cuts and home-cleaning appointments. Business owners around the country say rising prices, dwindling savings and concerns of a souring economy are taking a toll on household spending decisions.
At Olentangy Maids in Columbus, Ohio, more customers are putting off or canceling home-cleaning appointments. Some regulars are trying to negotiate lower prices, while others have stopped tipping altogether, co-owner Keith Troyer said.
“It hasn’t been a massive drop off, but enough that it’s been noticeable,” Troyer said. “Quite a few clients have called saying, ‘Hey, my wife got laid off. We need to cancel,’ or ‘Can I switch from biweekly to monthly?’ Prior to this month, that’s something that hardly happened.”
Consumer spending, which makes up more than two-thirds of the U.S. economy, has held strong through April even with inflation at historic highs. But there are growing signs that the spending streak could be ending.
Retail sales are cratering, prices are soaring, and Americans are hurting.
Will this presidential election be the most important in American history?
I guess running the country is like riding a bike for Joe Biden.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston
Cross-posted with iPatriot
Related:
- Thanks, Biden: Americans Forced to Do Without, Cut Back on Groceries as Biden’s Failed Economy Causes Hardship
- Poll Says Three in 10 Americans Missing Meals Because of Biden’s Inflation
- White House Propagandist Karine Jean-Pierre: ‘The Economy is in a Better Place Than it Has Been Historically’ (Video)
- Dem Sen. Stabenow: High Prices Didn’t Matter As I Drove By Gas Station In My Electric Car (Video)
- Biden’s Warning Seen As Confirmation He Was Deliberately Trying To Make Gas Prices Surge (Video)
- Fill ‘er Up: Majority More Concerned About Gas Prices than Climate Change
- Pete Buttigieg: Inflation Is A Wealth-Redistribution Opportunity! (Video)
- Is Biden’s Recession Already Here? U.S. Economy Contracts 1.4 Percent In First Quarter Amid Crushing Inflation
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