In 2022, US consumers spent a larger share of their disposable income on food than they had in over 30 years, and in response, many people looked for creative ways to spend less at the grocery store.
"People are going to spend, but they're only going to spend when they feel like there's really value there," Ted Rossman, a senior industry analyst at Bankrate, previously told Business Insider.
Travel, clothes, home improvement, and car insurance are among the areas many Americans have cut back more over the past year to give their finances a boost.
Despite rising prices, many Americans still decided that shelling out on experiences and trips was worth it as pandemic restrictions eased.
[
Collection
]
[
|
...
]