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Poll: Consumers to spend less at restaurants

More consumers are planning to cut back on spending for dining out occasions over the next six months, a new Harris Poll survey found.

The survey, which polled about 2,600 adults online last month, reported that 66 percent of respondents said they likely would decrease their spending at restaurants, compared with 64 percent in May.

In addition, 62 percent of those polled said they intended to reduce spending on entertainment, although that figure remained flat when compared with last May.

The study found that 52 percent of respondents said they are likely to save or invest more of their money over the next six months, which also remained flat when compared with last May.

“There are no signs here that consumer spending will soon start rising and plenty of evidence that many people remain careful about spending,” Harris Poll officials said.

The poll, they continued, is “further evidence that the economy is stuck in a rut and things are unlikely to improve very soon.”

Contact Elissa Elan at [email protected]

 

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