Ways Frugal People Are Living Like There’s Already a Recession

Cutting Personal Spending

More than half of frontline workers (58%) have cut personal spending to the bone. Eliminating non-essential expenses is a recommended first line of defense when paychecks don’t stretch like they used to.

Picking Up Side Hustles

More than half are bringing in extra income through side gigs. They’re not alone; 41% of U.S. consumers now have supplemental income streams, according to PYMNTS, as people try to close the gap between wages and cost of living.

Dipping Into Savings Early

A third of those surveyed said they’ve already dipped into savings. When income falls short, savings becomes a lifeline, but one that needs to be rationed carefully. It’s best used to cover essentials like housing, food or utilities, not to maintain non-essentials that no longer fit the budget.