[courtesy of Blog for America]

McClatchy takes a look at the way Americans are dealing with rising costs:

Whether it's fewer restaurant visits, shorter road trips or skipping a haircut here and there, more consumers are looking for ways to stretch their dollars.

And with good reason. The soaring cost of core essentials like gasoline, food and housing now account for 57 cents of each consumer dollar spent. That leaves Americans with a record-low 43 cents out of each dollar for discretionary spending, according to new figures from Wachovia Economics Group.

That helps explains why new vehicle sales in the U.S. are at a 10-year low and why consumers are buying less clothing, shoes and big-ticket items like furniture and computers.

Danny
Communications Director