Monday, June 30, 2008

Consumer Spending is slowing.....

Nearly two-thirds of Americans surveyed in April 2008 say their households have cut back on spending in the last 12 months, according to the MarketTools May/June 2008 Insight Report on American Spending.

The nationwide survey of 1,000 US adults also reveals that cutbacks are not limited to those with lower incomes. Among affluent consumers with household incomes of $75,000 or more, 54% indicate they too have cut back spending.

Source: and

Dan Ross

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