Inflation takes a heavier toll on low-income workers, but nearly all say they’ll cut back more if high prices persist.
, the cost of used cars and trucks increased almost 23%, and electricity prices rose by double digits. Combined with higher prices for groceries, shelter, insurance and property taxes, many people are feeling the squeeze.
In the survey, 61% percent said they had eaten at restaurants less frequently in the past month. Just over half said they were driving less. And 45% said they had delayed a vacation., which has gyms in Houston and Sealy. The locations are about 60 miles apart so he logs a lot of time in a large truck. He used to spend about $400 a month on gas; it’s closer to $800 now, he said.
In the survey, 44% said they had canceled a subscription in the past month, and the rate climbed to 53% among low-income voters. In general, wages have been rising across the board, largely because millions of positions are available nationwide.In Dallas-Fort Worth,
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