This post was republished with permission from Zero Hedge
Across the country, Americans are being forced to rethink major financial decisions in the face of rising costs, high interest rates, and ongoing economic uncertainty, according to Guardian Service.
In a recent survey of 1,000 people, 35% said they’ve delayed or canceled a big purchase this year—most commonly a home (22%) or a car (8%). Millennials (40%) and Gen Z (32%) were especially likely to put plans on hold. The leading causes? Widespread anxiety about the economy (63%), high interest rates (57%), and unaffordable prices (55%).
Some are shifting expectations entirely—12% have scaled back their “dream home” goals, and nearly 1 in 4 now see renting as a better financial move than buying in 2025.
These shifting priorities extend beyond big-ticket items to everyday protections like insurance. When budgets are stretched, even essential coverage can feel expendable. Nearly 1 in 4 Americans (24%) said they’ve reduced coverage for a home or car to save money, and 29% reported downgrading or canceling at least one type of insurance over the past year.
Car insurance saw the largest cuts, with 15% scaling back and 8% switching from full coverage to liability only—moves that reduce costs but also increase financial risk.
The decisions behind these changes often stem from a desire to create short-term financial relief, even at the expense of long-term security. “A third of Americans said they would temporarily go without insurance to cover essential expenses,” and 1 in 5 would consider dropping coverage entirely if premiums continue to rise.
Guardian Service writes that at the same time, insurance is still widely valued—77% said car insurance is essential, and 57% said the same for renters or homeowners insurance. Trust, however, remains an issue, with only 37% saying they fully trust insurers to come through when something goes wrong.
The study is clear: as Americans adjust their budgets and weigh tough trade-offs, they’re showing a clear willingness to prioritize immediate needs over long-term plans.
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Ok, so the world’s leaders in driving up costs, with their hands in everything from insuring your insurance, to driving a car to the safety of a toothbrush, who’s only real purpose is bankrupting the middle classes into serfdom has gotten ahead of their ski’s again, taking every last cent before the 2030 reset date.
The financial market barons learned everything they know from insurance corporations that are one notch below totalitarian regimes.
Speaking as a beleaguered Californian. Beleaguered by IDIOT Leftists in supermajority control of this State … my insurance costs have been raised YEARLY at triple the rate of inflation … and that’s the “transient” Bidenflation Sky-high rates! And don’t get me started on gas, electricity, water, trash, sewer …
And I don’t live anywhere near high fire zones in the hills. I live in the boring old suburban flatlands.
I’m not a big fan of rent controls but when Biden fell asleep on the Oval office toilette in 2021 rent has spiked by 5-7% a year in most major North American cities cities.
The real estate racket is out of control. Wages havn’t kept up with the cost of living in a generation. Socialism is a cancer.
I have not eaten out nor taken out so much as a pizza or a coffee since 2022, Bidenflation. The only thing I buy is food & gas, PERIOD. All my $$’s goes towards bills. The rest…. in a hole in the back yard.