US EditionHow much could you cut spending? Economic concerns have some Americans setting a ‘no-buy’ rule
- Americans have been worried about maintaining their standard of living since inflation began to spike in 2021, with 83% considering cutting back on non-essential spending if their financial situation worsens.
- Concerns are heightened by new U.S. Tariffs affecting the cost of goods and signs of economic contraction.
- 'No-Buy' challenges have become popular online to help Americans re-examine their spending habits and save more money.
- Participants find change hard and acknowledge that saying no to certain habits is difficult.
62 Articles
62 Articles
Hastings Tribune
How much could you cut spending? Economic concerns have some Americans setting a ‘no-buy’ rule
Spend any time on FinTok (the personal finance corner of TikTok) and you may have heard of a “no-buy” month, which is a budgeting challenge to not spend money on certain discretionary purchases for a month. Whether you eliminate one…
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Consumers Embrace 'No Buy' Trends amid Growing Economic Uncertainty
Amid rising economic pressures and renewed inflation concerns, a growing number of Americans are turning to social media-driven savings strategies such as “no buy,” “low buy,” and “slow buy” to manage their finances. The trend is gaining traction as many brace for a potential downturn sparked by recent tariff policies....
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