Summer vacation plans are getting a reality check as U.S. consumers tighten their wallets amid rising costs linked to Trump-era tariffs. A new wave of surveys shows nearly half of Americans are scaling back travel and leisure activities, with many opting for road trips over Disney resorts. 🌞🚗
According to a WalletHub poll, 45% of respondents say tariffs have directly impacted their summer plans, while 63% plan to spend less than last year. Accounting firm KPMG found 50% of consumers are cutting back overall spending, with over 70% bracing for a potential recession within a year. 📉💸
"Tariffs are making high prices even more unreasonably high," freelance copy editor Raina Becker told NBC News, echoing frustrations about inflated costs. Families like Brad Russell’s in Philadelphia are swapping luxury getaways for weekend drives to local attractions. 🚙⛰️
Since January, former President Trump has deployed emergency powers to impose steep new taxes on imported goods—a move reshaping how Gen Z and millennials approach summer budgeting. Will this trend spark a shift in U.S. trade policies? Only time (and your wallet) will tell. ⏳✨
Reference(s):
cgtn.com