Inflation is slowing down, but prices are still high, putting many Americans under financial stress as they have to spend more. Consumers report spending over $200 more per month on groceries and dining out on average compared to a year ago. Over 50% of adults say they now spend about $160 more per month on utilities. Nearly 50% say rent costs are over $300 more per month on average. More households are using credit cards to cover costs, and more borrowers are falling behind on payments.
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00:00It's Benzinga, and here's what's on the block.
00:03Inflation is slowing down, but prices are still high, putting many Americans under financial
00:07stress as they have to spend more.
00:10Consumers report spending over $200 more per month on groceries and dining out compared
00:14to a year ago on average.
00:16Over 50% of adults say they now spend about $160 more per month on utilities.
00:22Nearly 50% say rent costs are over $300 more per month on average.
00:26More households are using credit cards to cover costs, and more borrowers are falling
00:31behind on payments.
00:32For all things money, visit Benzinga.com.