CREDIT CRUNCH: BILLS MAKE AMERICANS CUT SPENDING
Jun2 26, 2006
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American consumers are in a dour mood these days.
America’s Research Group founder and CEO Britt Beemer said his surveys show that 27 percent of consumers plan to cut back on spending because of the pressure they’re feeling from credit card bills. Just 16 percent said that a year ago.
Beemer told a Florida retail group that only 28 percent of shoppers feel “really confident” today, compared with 36 percent two months ago and 54 percent a year ago.
Full story: http://www.wmtw.com/money/9415544/detail.html
