One in three Americans are stockpiling daily necessities like toilet paper and non-perishable food out of fear that President-elect Donald Trump’s pledge to add tariffs to imported goods will lead to higher prices, according to a new survey.
Some 34% of respondents said they are stockpiling items because they are “fearful or uncertain about the future,” according to a December report from CreditCards.com, which publishes information on credit cards and financial literacy. The organization in late November surveyed 2,000 US residents.
Overall, the majority of respondents said they would use credit cards for some or most of their purchases this holiday season, with three in 10 planning to go into or take on additional debt.
One in three Americans are stockpiling daily necessities like toilet paper and non-perishable food out of fear that President-elect Donald Trump’s pledge to add tariffs to imported goods will lead to higher prices, according to a new survey. https://t.co/I6pBDNFuKH
— Bloomberg Economics (@economics) December 6, 2024
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