For now, the signs of a recession are still muted. If people believe the situation to "be under control" and temporary there is likely little adjustment to their daily lives.
Once realisation kicks in that this is not temporary but something they need to cope with over a longer period of time, then the adjustments will become more noticeable.
My parents are now in their early-to-mid 80s and inflation is already beginning to eat into their daily expenditure. And this is before the announced increases (at least doubling) in energy costs over the winter.
Businesses are facing a six-fold increase in electricity costs in the next few months. People will notice this and make adjustments.
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