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Consumers as a whole are showing surprising resilience, not only sustaining their spending but increasing it even after adjusting for inflation.

But for how long?

There are signs that some people, especially in lower-income households, are starting to cut back, by shifting to lower-priced or alternative items or by skipping some purchases altogether as inflatio

Americans have been switching much of their spending over to to travel, entertainment and other services.

With prices across the economy – from food, gas and rent to cars, airfares and hotel rooms – soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending. Not so far.