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Season’s Spending? Many Americans Cutting Costs

Family Finances

Season’s Spending? Many Americans Cutting Costs

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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  1. housing market

    August 5, 2009 at 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!

  2. Annabelle

    July 28, 2009 at 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. ken

    May 29, 2009 at 7:57 PM

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

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