Season’s Spending? Many Americans Cutting Costs

December 15, 2008 by  
Filed under Family Finances, Money, Money Vault

More then two-thirds of Americans say they are spending less this holiday season. 68% of residents nationally report they are cutting costs, including 32% who say they are reducing their spending by a great deal and another 36% who are cutting back somewhat. 14% report they aren’t changing their shopping habits all that much while 18% say they aren’t reducing their purchases at all. Not surprisingly, households earning less are spending less.

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3 Responses to “Season’s Spending? Many Americans Cutting Costs”

  1. ken on May 29th, 2009 7:57 pm

    In these dire economic times I find it as no suprise that pepole are spending less. Everyone is scared, including myself.

  2. Annabelle on July 28th, 2009 11:37 am

    who wouldnt want to cut costs. I was just layed off my job. Had been working at the plant for over 2 decades, but management decided that in order to cut cost so the business could survive, people needed to be layed off. Lots of people that is!!!!!!

  3. housing market on August 5th, 2009 4:10 am

    Ah but on the other hand more people are taking their purchases ONLINE! :) Have you seen how well Amazon is doing? Sure they are cutting back but the tendency to shop at online retail stores is stronger than few years back. I know for certain that my family are now eating out less and shopping less but they are now big fans of Amazon and other online stores!

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