The ‘Frugal is the New Black’ infographic uses facts to show that the United States public have become much more consciousness of how they spend their money in recent years. Families are looking for ways to save money and cut back on high expenses as the frugal frenzy continues to grow.
Coupons have become extremely popular as websites like Groupon have boomed. Using coupons can cut down a family’s yearly grocery expense by as much as 25%, which is about $2,400 a year. Since the recession generic grocery brand sales are up by 33%. People are also saving money at the pump by cutting back on driving and looking for alternative ways of transportation.
The Frugal is the New Black infographic shows that the economy is heading towards a cheaper future.