October 26, 2011

A BAD MOOD, NOT A BAD ECONOMY:

Four of five Americans cut spending even as 69% say personal situation good (Corbett B. Daly , 10/26/11, CBS News)

More than four out of five Americans have made changes to their spending habits in the past year as the economy has continued to flounder, the latest CBS News/New York Times poll showed, even though almost seven of 10 said they would characterize their own financial situation as good.

About 83 percent of Americans in the poll released Wednesday said they have made cutbacks in their day-to-day spending, including about 39 percent who have said they have cut some items they consider to be "necessities." Another 44 percent cut back on "luxury" items.

Posted by at October 26, 2011 3:06 PM
  

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