Americans Reduce Spending Amid Rising Gas Prices, Expect No Relief Soon
A CNBC survey reveals that Americans are cutting spending on entertainment, travel, and essential goods due to rising gas prices, which have increased over 30% since the U.S. and Israel attacked Iran. Nearly 80% of respondents have altered their spending habits, with over 50% expecting gas prices to remain high for six months or longer.
Topics: consumer spending economic survey gas prices political commentary U.S.-Iran conflict