A CNET Money survey revealed 188 million American adults have postponed significant purchases as inflation and higher prices take a continued toll on their wallets. CNET Money Editor Dashia Milden joins Wealth! to discuss what these findings indicate about the current state of the US consumer.

Milden notes essentials like groceries and gas are the main drivers of consumers' strained wallets, according to the survey. She notes Americans are continually "surprised by what they're having to pay for essentials," forcing them to cut back on savings for "longer-term goals." Milden finds

Milden states individuals are prioritizing budgeting as they have to tap into emergency funds to maintain current living situations. "A good portion of America is just trying to get by," Milden tells Yahoo Finance.

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This post was written by Angel Smith