About one in three Americans making six-(1. figure ) salaries are worried about paying their bills, according to a new survey from the Federal Reserve Bank of Philadelphia.
The survey finds a notable increase over the past year of consumers making $100,000 a year or more who are concerned about making (2. ends ) meet over the next 12 months.
A significant share of wealthier Americans are coping with financial (3. pressure ) by (4. cutting ) spending, including dialing (5. back ) restaurant visits and entertainment.
The findings underscore how years of high inflation and elevated borrowing costs continue to squeeze consumers’ budgets — even f?or those at the higher end of the income spectrum.
Nearly a third (30.8%) of consumers making between $100,000 and $149,999 a year are concerned about making (2. ends ) meet in the next six months, according to the Philly Fed survey, which was fielded from March 22 to April 6.
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make ends meet:
dial back:
To lessen something, especially in intensity or frequency. I could barely move my arms all week—I guess it's time to dial back the workouts!