May 21, 2008

Consumers cut driving but not diets: poll

"People have been saying that once prices hit $4.00, they are going to adjust their lifestyles and cutting back driving is one way they are doing it," he said.

We hit $4.04 here today.

Nearly 33 percent said they are absorbing higher food costs without any changes to their lives, while only about 18 percent said they are absorbing high fuel costs.

...

More than 5 percent said they have taken on more personal debt to cope with higher energy costs, while a bit less than 5 percent said they are taking on debt to deal with higher food costs.

"Obviously it is of concern," Zogby said. "Because if that continues it simply means people aren't making enough to keep up."


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