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New McKinsey & Company research reveals who’s cutting back and who’s holding steady.
Many U.S. families are tightening their budgets as new tariffs and ongoing inflation strain their finances. Recent research from McKinsey’s ConsumerWise team shows that after a sharp decline in economic sentiment this spring, more people plan to change how they spend — even before higher prices take effect. According to McKinsey, 43% of consumers list inflation as their biggest worry…
