Americans are reacting differently to those rising food and gas prices, depending on where they live.
Southerners and Midwesterners are most likely to cut back on day-to-day driving, travel, savings and spending on groceries, while Westerners and those living in the Northeast are least likely to cut back on travel and driving.
Southerners also expect a bigger increase in the cost of living in the next 12 months than those living elsewhere.
Residents of the South expect their living expenses to rise by an average 10.7 percent, compared to 9 percent of all those surveyed. Northeast residents are most optimistic about cost of living, expecting only a 6.6 percent jump.
Southerners are also the most negative on thestock market: 54 percent say it’s a bad time to invest.
The South was the only region more skittish on stocks than the 50 percent average of all poll respondents. Only 46 percent of Midwesterners think it’s a bad time to invest in the market, the nation’s most bullish region.