Wednesday, January 22, 2014

Planning to Spend More, except on Housing

Americans are planning to spend more on a variety of big-ticket items, according to the latest Harris survey. A growing percentage are planning to take a vacation, buy a computer, or buy/lease a new car or truck. Fewer are trying to cut spending on entertainment or restaurants.

Given the greater optimism about spending on a range of items, it is interesting to note what hasn't improved: the outlook for housing. When asked whether they planned to move in the next six months, only 18 percent answered yes—the same percentage as in 2008. When asked whether they planned to buy a house or condo in the next six months, only 8 percent said yes compared with 10 percent in 2008.

Source: Harris Interactive, Signs of Optimism—or at least, Acceptance—in American Spending Trends

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