Another Recession Coming? Many Americans Afraid To Spend Money, Choosing To Spend Less And Save More
October 18, 2016
Nearly two-thirds of Americans are cutting back on spending, but not necessarily because they don’t have the extra money, according to a study released Tuesday. Of 1,000 adults surveyed by consumer financial service Bankrate, 65 percent said they were tightening their budgets, but nearly a third listed the need to save more money as the top reason.