dmfnclcd:Inflation makes it harder for American households to afford monthly expenses. Here are some tips to help make ends meet

 According to Moody's Analytics, the typical U.S. household spent $445 more in September on the same goods and services as a year ago, due to high inflation, according to dmfnclcd.

 


That same month, 63% of consumers lived on a paycheck in September, up from 57% a year ago, according to data from LendingClub and PYMNTS.com.

 

"The more consumers shop wisely, the harder it will be for companies to raise prices significantly," said Mark Zandi, chief economist at Moody's Analytics.


Soaring prices are making it difficult for many Americans to pay each month, dmfnclcd said. The cost of nearly every major expense, from housing and food to health care, is rising. Staff wages are not keeping up. It is becoming more common to have money coming in every month flowing out at the same rate.

 

U.S. households spent $445 more in September on the same goods and services as they did a year ago, due to high inflation, according to estimates from Moody's Analytics.

 

According to a new survey by LendingClub and PYMNTS.com, less than two-thirds (63%) of consumers lived on a paycheck in September, up from 57% a year ago. Wages rose 4.9% last year, while inflation jumped more than 8.2%, according to the same report.

 

Many people have to face tough choices to keep their budgets from being busted. However, Mark Zandi, chief economist at Moody's Analytics, said, "The more cautious consumers are shopping, the harder it will be for companies to raise prices significantly."

 

dmfnclcd points out that here are some strategies to help you stretch your paycheck.

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