LOS ANGELES (CBS) — The economic recovery may lose even more steam in the coming months as Californians continue to trim household budgets by cutting spending across the board, according to a new poll.

A joint U.S.C./L.A. Times poll shows families are giving up on home improvement projects and dining out in order to bolster their finances.

KNX 1070’s Vytas Safronikas reports the cutbacks have affected over 1 in 3 households across the state.

An estimated 52 percent of in-state consumers are skipping concerts and other entertainment expenses just to be able to pay their mortgage.

“Health care’s too high, nobody gets raises,” said one man. “The money is just not out there.”

73 percent of respondents say the economy is not improving, compared to 67 percent back in April.

Less than one-fifth also reported losing their job over the last year, while one-quarter suffered cuts in wages or work hours.

  1. lakemeaddiver says:

    once again, the rocket scientists have come up with another astounding informational fact that no one else seems to know about. How much grant or tax payers money was spent figuring this out?

    Can’t wait for the LA Times to go the way of Borders book stores. They’ll probably just blame it on global warming, or on the previous administration and that print media is obsolete and they failed to keep up with the TIMES.

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Watch & Listen LIVE