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45% of Americans Are Cutting Back on Restaurants. Should You Follow Their Lead?

45% of Americans Are Cutting Back on Restaurants. Should You Follow Their Lead?

Not only have many Americans been forced to raid their savings accounts to pay their bills, but many are having to make hard choices with regard to discretionary spending. In fact, 45% of Americans are making a concerted effort to cut back on spending by limiting the amount of money they spend at restaurants, according to New York Life's Wealth Watch Survey.