Although overall consumer prices fell 0.8% in April, households on average paid 2.6% more for groceries, the largest monthly increase since February 1974.
Coole, like other Americans, has seen her spending habits change drastically during the pandemic. Consumers have saved money on child care and not dining out, but they are spending more on groceries and cleaning products, a new study shows.
Before the pandemic, more than two-thirds of Americans contributed regularly to a savings account and 70% had an emergency fund. Now 60% of millennials and 54% of Gen Xers say their emergency fund will only cover three months or less of day-to-day expenses while Boomers have enough to last six months or more, the data showed.
Still, about 20% of millennials have more money as a result of the crisis by cooking at home more and tracking their spending, the study showed. About 74% of them have started a more substantial emergency fund. But for some, big-ticket savings came from not going on vacation and putting off major purchases on things like a car . Extra spending on groceries and cleaning products cost them an average of $282 and $92, respectively.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
9 Tools to Help You Keep Track of Online SalesSome have even added a few extra helpful features, too:
Lire la suite »
National Missing Children's Day Urges Public to Use Social Media Tools to Search for Missing KidsNational Missing Children's Day Urges Public to Use Social Media Tools to Search for Missing Kids
Lire la suite »
I'm 34, I Make $43K & My Groceries Cost More Than My Rent1 p.m. — Earlier in the week, my father requested 'some assistance,' because the pandemic is affecting his finances. He was incarcerated when I was younger; I cried and prayed for him to be paroled, so we could live a happy life together.
Lire la suite »
Online UK grocery spending hits record in lockdown shopping spreeBritons spent a record 1.2 billion pounds ($1.5 billion) online buying groceries during a four week period in April and May as they shunned supermarket trips during the coronavirus lockdown, industry data showed on Wednesday.
Lire la suite »
Michelle Obama’s Final Virtual Story Time Featured 2 Furry Special Guests!Former First Lady Michelle Obama is teaming up with Penguin Random House and PBS Kids to read popular children's books to kids on Mondays With Michelle.
Lire la suite »
This Amazing Deal on Millions of Stock Photos Makes Your Life EasierBe productive with this time-saving imagery library from JumpStory
Lire la suite »