83% Of Americans Cut Back On Spending


This trend needs to be reversed.

How to get Americans to buy more, and create a demand for more widgets to be made in factories around the nation is the question that seems to have no answer.

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.

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