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Consumer inflation remains above target, prompting some to cut back on holiday spending
Christmas may have a wish list, but your budget has a veto. The newest inflation report came out this morning, and it shows prices are still putting pressure on family budgets. But forget the economic charts for a minute. What’s the expense that changed how your family lives -- not just for a month, but for good? Groceries? Insurance? Child care? What did you give up that you haven’t brought back? Now add Christmas to that conversation. When the budget won’t stretch, what bends? Fewer gifts under the tree? No trip to Grandma’s? Or do you borrow to keep the traditions alive?
