Americans are cutting back on home improvement projects due to rising costsAmericans are cutting back on home improvement projects due to rising costs
US inflation hit a record high back in June of last year, making everything from food to gas more expensive. Although things have slowed down since then, economists predict that high inflation could persist until the end of 2024 or 2025.
Despite rising costs, consumers are still carrying on with home improvement projects, according to a survey by Today’s Homeowners. That said, this year’s projects may look different compared to previous years, with many homeowners — particularly millennials and Gen Z — opting for DIY solutions to keep costs at bay.