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The Street
The Street
By Ellen Chang Budget savvy consumers are changing the way they buy. Americans have found themselves spending the majority of their money on a narrow slice of items, as the economy continues to attempt a rebound from the pandemic. The price of many items have risen exponentially due to a higher cost from labor expenses and supply chain hurdles. Higher inflation rates have increased in various sectors, including rent, food, gasoline as well as furniture. Inflation rose to 7.9% in February. Wages have not kept up with the higher rates of inflation in many jobs, leaving consumers with less dispos…