Labor Union Blog

Economic Report:

How are Americans coping with the economy leaving less in their pocketbooks and wallets? A survey of the Principal Financial Well-Being Index found that 81 percent are eating out less, 75 percent are spending less on clothing, 75 percent are cutting back on entertainment, and 59 percent are driving less. Twelve percent, up from seven percent in 2007, have fallen behind on monthly bills. And 43 percent are spending less on basic necessities – up from 36 percent since 2007.