Consumer prices are 23.7% higher than they were in February 2020, which means Americans must spend about $1,237 to buy the same goods and services that cost $1,000 when the pandemic-induced recession hit, according to a Bankrate analysis.

Some people have responded to the rise in expenses with an effort to curb their consumption. A new study from Intuit Credit Karma found that many Americans are turning to "low-buy" (44%) or "no-buy" (42%) lifestyles: restricting spending or committing to shop only for items that need to be replaced.

Related: Want a Job That Pays Enough for a Comfortable Lifestyle? You'll Have the Best Shot in This U.S. City — and the Worst in 4 Others.

The most common reasons for........

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