Home - CBSNews.com | How are Americans prioritizing spending amid rising costs? AI generated summary, Read the full article for complete information. Americans are tightening their wallets as costs climb, with the Bureau of Economic Analysis reporting noticeable declines in discretionary purchases: clothing expenditures dropped 7%, furniture 5%, and sports equipment 6% between December and February. Wall Street Journal economics reporter Rachel Wolfe explains that the recent uptick in inflation stems less from heightened consumer demand and more from businesses shifting higher expenses onto shoppers, a topic she discusses on “The Daily Report.” Read more: https://www.cbsnews.com/video/how-are-americans-prioritizing-spending-amid-rising-costs/ #RachelWolfe #Americans