Spending & Earning
Economic Uncertainty Has Americans Cutting Spending, Study Says
Big purchases are being delayed as inflation continues to push prices higher and consumers worry about their finances.
Photographer: Carlos Becerra/Bloomberg
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More than half of Americans are delaying major life plans due to uncertainty over the economy, according to a new study from Wells Fargo.
Among that cohort, about a third said they were putting off buying a home, while one in six have postponed education plans and one in eight have pushed back their retirement.