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Over 90% of Americans cutting holiday spending

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A staggering 90% of Americans are tightening their purse strings, and this trend is expected to persist throughout the holiday season.

The survey, which examined the spending habits and financial outlook of a diverse group of Americans, sheds light on the economic challenges many are facing.

The study found that the ongoing economic uncertainty, coupled with rising inflation rates, has prompted a significant shift in consumer behavior. Respondents expressed concerns about their financial stability, with many citing the need to prioritize essentials over discretionary spending. This shift in priorities is expected to extend to the upcoming holiday season, traditionally a period of increased consumer spending.

With the holiday season fast approaching, retailers are bracing for an impact on their sales figures. Many Americans indicated they plan to scale back on gifts, travel, and dining out during the holidays. Instead, they are looking for creative ways to celebrate without breaking the bank.

Economists and financial experts are closely watching this trend, as it could have a ripple effect on the broader economy. The holiday season typically accounts for a significant portion of annual consumer spending, and any reduction in this spending could have far-reaching consequences.

As the survey results highlight this nationwide shift in spending habits, businesses are strategizing to adapt to the changing consumer landscape. Retailers are exploring promotions and discounts to attract budget-conscious shoppers, while families are seeking innovative ways to make the most of the holidays without overspending.

 

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Boeing face delivery delays following guilty criminal charge plea

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Boeing’s deliveries are down after months of controversy, is it because they can’t make the planes, or because airlines right now don’t want them?

Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States in connection with the investigation into two fatal crashes involving its 737 MAX aircraft.

Boeing reported a significant 27% decrease in deliveries for June compared to the same month last year, possibly attributing the decrease to the companies ongoing controversies.

Aviation expert Geoffrey Thomas joins to discuss. #featured

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Blockchain sparks a transformative influence in Australia

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Professor unveils blockchain’s role in transforming the economy and innovative projects taking place at RMIT University.

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, BTC Markets CEO Caroline Bowler interviews Professor Chris Berg, Director of RMIT Digital3 and Co-Founder of the Blockchain Innovation Hub at RMIT University. They discuss RMIT’s cutting-edge projects and the transformative impact of blockchain technology in Australia.

Professor Berg shares insights into RMIT’s Digital3 philosophy, which combines research, innovation, and collaboration to drive the digital economy. Learn about groundbreaking initiatives in blockchain, cyber security, and AI, and how these disruptive technologies are reshaping business, government, and society.

Discover how RMIT is leading the charge in rethinking and regenerating the way we work through world-class research and tailored education, offering a glimpse into the future of technology and its potential to benefit both the economy and society. #crypto corner

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From $25K to $1.5M in real estate: expert unveils game-changing strategy for investors

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Empower your property investing with these key tips

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Dean Fraser, Founder and CEO of BrickFloor. #trending #wyld money

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