In a 2022 survey, U.S. consumers cut spending in many categories. It was the most common for consumers to reduce spending for food and groceries. Only about 12 percent of consumers reported cutting back their spending for eating out and entertainment purposes.
Cut backs in consumer spending in the United States in 2022, by leading category
Characteristic
Share of respondents
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University of Michigan. (November 18, 2022). Cut backs in consumer spending in the United States in 2022, by leading category [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1440213/consumer-spending-cut-backs-in-the-us-by-category/
University of Michigan. "Cut backs in consumer spending in the United States in 2022, by leading category." Chart. November 18, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1440213/consumer-spending-cut-backs-in-the-us-by-category/
University of Michigan. (2022). Cut backs in consumer spending in the United States in 2022, by leading category. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1440213/consumer-spending-cut-backs-in-the-us-by-category/
University of Michigan. "Cut Backs in Consumer Spending in The United States in 2022, by Leading Category." Statista, Statista Inc., 18 Nov 2022, https://www.statista.com/statistics/1440213/consumer-spending-cut-backs-in-the-us-by-category/
University of Michigan, Cut backs in consumer spending in the United States in 2022, by leading category Statista, https://www.statista.com/statistics/1440213/consumer-spending-cut-backs-in-the-us-by-category/ (last visited August 25, 2024)
Cut backs in consumer spending in the United States in 2022, by leading category [Graph], University of Michigan, November 18, 2022. [Online]. Available: https://www.statista.com/statistics/1440213/consumer-spending-cut-backs-in-the-us-by-category/