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Americans’ spending relief from cheaper gas is starting to fade

The report ties household strain to higher living costs that had eased as gas prices fell, then notes gas prices are now moving back up.

Reported · Written up by our desk · Economy

New York Times Business reports that Americans have continued spending even as households grapple with higher overall living costs.

The outlet points to lower gas prices as a relief valve for consumers, but says that benefit is beginning to reverse as gas prices creep higher again.

That shift implies a tougher environment for household budgets, particularly for spending on essentials that can be pressured when energy costs rise.

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