According to a recent Harris Poll, Americans are no more likely today to spend on items (big or small) than they were in spring ’09. About 2 in 3 American still say they plan to decrease spending in restaurants and on entertainment in the next 6 months. And as the clock ticks on me promising my architect that this month really will be the month that we renovate our bathroom, I can’t say I disagree.
Moreover, Americans today are also less likely to say they will take a vacation longer than one week than they were back in the spring. Now, this could be seasonal, what with school starting up and the summer behind us… Or it could be that slight nagging feeling in the back of our minds that we just aren’t yet sure about this economy thing.
Are you still cutting back? And if so, when do you feel you might be able to start spending normally again?