Around 64 percent of U.S. consumers spend less on non-essentials amidst the ongoing cost of living crisis in 2023. This is according to a survey conducted by We are Social and Statista Q, which shows that rising inflation rates have caused around a similar percentage of customers to pay more attention to bargains, good deals, or offers (when going shopping). Furthermore, around 39 percent of U.S. consumers do not go out for dinner/lunch anymore to deal with the situation.
Consumer reactions to the cost of living crisis in the United States 2023
Characteristic
Share of respondents
I spend less on non-essentials
64%
I pay more attention to bargains, good deals, or offers (e.g. when going shopping)
64%
I cut back on non-essential journeys in my vehicle
During the survey, the question was phrased as follows: "When you consider your reaction to the current cost of living crisis: Which of the following statements do you agree with?"
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Statista Consumer Insights. (May 17, 2023). Consumer reactions to the cost of living crisis in the United States 2023 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1384081/consumer-reactions-to-the-cost-of-living-crisis-in-the-us/
Statista Consumer Insights. "Consumer reactions to the cost of living crisis in the United States 2023." Chart. May 17, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1384081/consumer-reactions-to-the-cost-of-living-crisis-in-the-us/
Statista Consumer Insights. (2023). Consumer reactions to the cost of living crisis in the United States 2023. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1384081/consumer-reactions-to-the-cost-of-living-crisis-in-the-us/
Statista Consumer Insights. "Consumer Reactions to The Cost of Living Crisis in The United States 2023." Statista, Statista Inc., 17 May 2023, https://www.statista.com/statistics/1384081/consumer-reactions-to-the-cost-of-living-crisis-in-the-us/
Statista Consumer Insights, Consumer reactions to the cost of living crisis in the United States 2023 Statista, https://www.statista.com/statistics/1384081/consumer-reactions-to-the-cost-of-living-crisis-in-the-us/ (last visited December 21, 2024)
Consumer reactions to the cost of living crisis in the United States 2023 [Graph], Statista Consumer Insights, May 17, 2023. [Online]. Available: https://www.statista.com/statistics/1384081/consumer-reactions-to-the-cost-of-living-crisis-in-the-us/
