New study show most Americans still cutting back on spending - KMOV.com

New study show most Americans still cutting back on spending

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Amber Broiskie, center, shops early in the morning on Black Friday at Best Buy in Farmers Branch, Texas, on Friday, Nov. 27, 2009.. (AP Photo/Mike Fuentes) By Mike Fuentes Amber Broiskie, center, shops early in the morning on Black Friday at Best Buy in Farmers Branch, Texas, on Friday, Nov. 27, 2009.. (AP Photo/Mike Fuentes) By Mike Fuentes

(KMOV)-- A new study from Citigroup shows most Americans are still cutting back and not on vacations or eating out; people are digging much deeper and cutting back on both wants and needs.


Almost half of those surveyed are avoiding shopping altogether or shop solely for necessities. Other ways people are cutting back include: packing a lunch, car-pooling, reducing cable TV service, cutting credit card use and even growing their own food.

This appears to be the new normal. More than half of those surveyed say these changes to their spending habits are permanent.

How are you cutting back to save money? Post your comment below!

 

 

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