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DeepNewz, mobile.
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CEOs of major banks like Capital One and Citigroup have noted shifts in U.S. consumer behavior, with consumers becoming more cautious on spending. Rising prices have led to reduced dining out habits among Americans, impacting restaurant visits and purchase patterns.
The Chronicle surveyed readers on how rising prices have impacted their dining habits. Some are cutting back on drinks and dessert, while others are skipping restaurants altogether. https://t.co/jXoqQ458UR
"Nearly half of respondents said they would cut back on dining out to save money in the next six months...that was mirrored in weaker buying plans for cars, homes and appliances. Intentions to take a vacation also fell." https://t.co/MncOMODUXB https://t.co/abtKYgMHWW
Almost half of people say they'll cut back or eliminate eating out in the next 6 months as they try to save money - restaurants about to get crushed... https://t.co/Lr20tvY6K3