Recent surveys reveal that many Americans are tightening their belts this summer due to steep tariffs imposed by U.S. President Donald Trump. With prices on the rise, nearly half of the respondents in a WalletHub poll say these tariffs are reshaping their travel plans, prompting a more cautious approach to spending.
A separate survey by accounting firm KPMG, which gathered insights from over 1,500 U.S. consumers, found that 50% are already cutting back on expenditures, while more than 70% expect a recession within the next 12 months. This growing sense of caution is steering families toward more modest vacations—like weekend car trips to nearby attractions—instead of costly escapes at major resorts.
Consumers are feeling the pinch as increased prices challenge everyday budgets. One freelance copy editor noted that the tariffs are pushing costs to levels far beyond the actual value of the goods. As these trends continue, it's clear that global trade policies are having real effects on daily life, inspiring many to opt for more local and budget-friendly experiences this summer. 💸🚗
Reference(s):
cgtn.com
