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Results: Americans plan to keep cutting back on spending through the holidays, new survey says
Published on 09/19/2023
Consumers remain cautious in their spending and they’re being more discerning about where and when to part with hard-earned cash. Inflation has come down, but remains stubbornly high.
QUESTIONSGO to COMMENTS Comments
1.The vast majority of adults (92%) have reduced their spending over the past six months, according to a poll fielded on behalf of CNBC by Morning Consult. The most common categories for spending cuts over the past six months were clothing and apparel (63%), restaurants and bars (62%), and entertainment outside the house (56%). Have you reduced your spending over the past six months?
2.Looking ahead to the all-important holiday shopping season, a warning for retailers: More than three quarters of all U.S. adults surveyed (76%) plan to cut back on spending for non-essential items. Are you plannong on cutting back your usual holoday spending?