Wednesday, November 25, 2009

Money & Business

Where People Tighten Their Belts

Posted 1/25/07

From the Pew survey on Americans' spending and saving habits:

If you needed to cut back, which expense would you cut back on?

ExpensePercentage
Entertainment and recreation 21
Food and dining out 19
Shopping and personal items 12
Bills and utilities 10
Cars 7
Home and housing 3
Luxury items 2
Children and schooling 1
Credit card payments 1
Medical 1
Other 5
Nothing 13
Don't know 9

Note: Responses total over 100 percent because respondents could offer more than one answer.

Source: Pew Research Center

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