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Correspondence - #22
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04/18/2023 Special and Regular
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Correspondence - #22
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4/17/2023 3:21:01 PM
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City Clerk
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4/18/2023
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will release more complete figures later this month. <br /> Spending on air travel was robust in March but outlays on other services such as hotels <br /> declined, transaction data from Bank of America credit and debit cards showed. And the cost of <br /> shelter has increased faster than the overall rate of inflation, federal data show. <br /> Some Americans have had to make adjustments to allow them to keep spending. <br /> Victor Mendez, 64 years old, recently started working as a substitute teacher in Orange County, <br /> Calif., partly to supplement his Social Security income. "It's pretty good money, and I can pick <br /> the days I want to work," he said. <br /> t <br /> F t <br /> .I <br /> z <br /> Victor Mendez says he looks for savings where he can. <br /> PHOTO:VICTOR MENDEZ <br /> Mr. Mendez watches what he spends and looks for savings where he can, for instance using <br /> apps and rewards when he shops. He recently purchased a new Subaru vehicle with a good <br /> financing deal and "decided at that interest rate it would be OK." <br /> While his rent has gone up, and "that was a bite," he said he had noticed some prices starting to <br /> come down, such as chicken breasts at the grocery store. <br /> Recent data suggest many consumers are more cautious about purchases of goods they often <br /> have to borrow money to buy. In March, spending declined in big-ticket categories including <br />
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