Floridians are cutting back on food spending as well as nonessential items amid recent price hikes and surging inflation, according to the latest statewide survey from the Florida Atlantic University Business and Economics Polling Initiative (FAU BEPI).
The online survey was conducted May 20–22 with over 530 respondents in the Sunshine State, FAU BEPI said.
Results showed that more than 70 percent of respondents said they are cutting back on spending on travel and entertainment, while about 66 percent are buying less food.
Nearly 60 percent said they are turning to their savings to pay for bills while almost four in 10 said they are missing bill payments amid increasing price hikes….