Why Americans Are Struggling with Basic Needs and Falling Behind on Payments - Even as Inflation Cools

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Inflation is slowing down, but prices are still high, putting many Americans under financial stress as they have to spend more. Consumers report spending over $200 more per month on groceries and dining out on average compared to a year ago. Over 50% of adults say they now spend about $160 more per month on utilities. Nearly 50% say rent costs are over $300 more per month on average. More households are using credit cards to cover costs, and more borrowers are falling behind on payments.

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