Tag: spending patterns

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Study: 39.7% of New Jersey adults used credit cards for basic living expenses

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the staff of the Ridgewood blog

Ridgewood NJ, according to the website Upgradepoints the COVID-19 pandemic altered American spending patterns dramatically. In the early days of the pandemic, social distancing and stay-at-home orders resulted in a shift away from transportation, restaurant, and entertainment expenditures. However, consumer spending has since rebounded, and now high inflation has raised the basic cost of living. In addition, rising interest rates are making the cost of borrowing more expensive. While many Americans use credit cards regularly for their rewards and benefits, more people are turning to credit cards for temporary relief as prices continue to rise.

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Reader says The Village Council should not miss a single opportunity to put a firm grip on the spending patterns and priorities of the legacy Village Manager.

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The Village Council should not miss a single opportunity to put a firm grip on the comings, the goings, and most importantly, the OPM spending patterns and priorities of the legacy Village Manager. Along these lines, the VC should probably press the pause button, indefinitely, on the contemplated renovation project in Van Neste Square. The next thing we will learn is that a half million dollars has already been spent on landscape architecture plans that will go to waste if the project doesn’t go forward immediately.