7. Personal Care and Beauty: DIY Takes Over
Personal grooming and self-care have also seen cutbacks.
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Notable Shifts:
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Fewer visits to salons and spas.
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Home haircuts and DIY manicures becoming more common.
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Reduced use of premium skincare or cosmetics in favor of multi-use or drugstore options.
Even gym memberships are being reconsidered, with people choosing to work out at home or outdoors.
8. Entertainment and Leisure: Less Often, More Mindfully
Concerts, movies, theme parks, and other recreational activities are increasingly seen as luxuries rather than staples.
Adaptations Include:
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Waiting for movies to hit streaming platforms instead of paying for cinema tickets.
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Choosing free community events or outdoor activities over ticketed venues.
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Spending more time at home with friends and family instead of going out.
Board games, books from the library, or online entertainment are enjoying a quiet resurgence.
9. Education and Extra Activities for Children
Inflation doesn’t spare families. Children’s sports, music lessons, tutoring, and extracurricular activities often come with high price tags.
Adjustments Parents Are Making:
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Reducing the number of enrolled activities per child.
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Choosing school-based or community programs instead of private ones.
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Postponing or downsizing birthday parties and gifts.
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Switching from private to public schooling, in some extreme cases.
While most parents still prioritize their children’s development, inflation is forcing tough choices.
10. Emergency Savings and Financial Planning: Under Pressure
One of the more concerning consequences of persistent inflation is the reduction in household savings rates. As costs rise, people are dipping into savings to meet basic needs.
