More People Spending Less 8/6/26

Summary

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.