Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

87% of Consumers Tightening Their Budgets


Most Americans have started to reduce spending, according to a survey from TD Ameritrade Holding Corp. conducted by Opinion Research.

Eighty-seven percent of respondents said they have tightened their belts, with the most commonly reduced types of spending being travel (58%), dining out (57%) and entertainment (53%). Half have cut back on gas and clothing. Most also said they do not expect stock markets to recover in the next six months. Also, 20% of the respondents do not expect a recovery within a year.

(c) 2008 Money Management Executive and SourceMedia, Inc. All Rights Reserved.

http://www.mmexecutive.com http://www.sourcemedia.com/