Poll: Most Arizona families cut spending in recessionPosted: Updated:
PHOENIX (AP) -- A new poll shows that three-quarters of Arizona families have cut back on their spending since the recession began and half said they had cut back a lot.
The Phoenix-based Behavior Research Center poll also shows that three in 10 families say they can't put off making major purchases such as a new car or a home repair any longer. The poll concludes that this may be why consumer spending appears to be stable or growing despite continued bad economic news.
A quarter of families say the recession hasn't hit them and they haven't trimmed expenses. Among affluent families that number rises to 36 percent.
The center says it conducted the telephone survey Oct. 13 through Oct. 24 and that it has a margin of error of 6.5 percent.