Survey: Americans plan to keep cutting back on spending through the holidays

Source: CNBC

“U.S. consumers have cut back on spending this year, and they plan to continue to do so through the holidays, a new CNBC-Morning Consult survey has found. 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, a company that conducts survey research to inform decision-making. The poll surveyed 4,403 U.S. adults between Tuesday and Thursday. Consumers remain cautious in their spending and they’re being more discerning about where and when to part with hard-earned cash.” (09/18/23)