Americans Juggling Spending, Energy Costs
With the high energy costs, including the outrageous cost of gasoline lately in the US and abroad, Americans are having to budget less on extracurricular spending and more on energy costs such as electric, heat, air conditioning, and most of all, gas to get them from point a to point b and to and from their jobs.
This is hitting the economy hard, since they have less to spend on the better things in life. It’s all a vicious cycle that is bound to have a profound effect on the economy as a whole. When consumer spending slows on other things beside the bare minimum necessities, the whole economy is affected negatively.
Many people when polled said that they have had to drastically rearrange their budgets, and go out to eat and shop less.
