More People Spending Less 8/6/26

The video reports on a CNBC All America Economic Survey showing that a growing percentage of Americans are cutting back spending on essentials and entertainment due to high prices. Lower-income households are disproportionately reducing spending. The segment presents survey data without specific investment recommendations. - 47% of surveyed Americans are spending less on essentials like groceries and medical care, up from April. - 66% are spending less on out-of-home entertainment. - 37% are using credit cards more because of high prices. - Travel cutbacks increased by 5% from prior survey. - 60% of the lowest-income Americans are spending less, versus 35% of those earning $100k+. - The survey has been conducted for nearly 20 years; full results available on CNBC.com.