U.S. consumers cutting back on restaurants-survey

[lovuian]

http://www.signonsandiego.com/news/business/20070924-1155-restaurants-survey-.html

LOS ANGELES – More than half of U.S. consumers plan to eat out less in the next three months due to jitters over declining home values, high gas prices and the overall economy, according to a survey by RBC Capital Markets.

The survey of 1,000 people found that 54 percent of Americans said they would eat at restaurants less often over the next three months. Two of five respondents said they are already dining out less frequently than they were six months ago.



“Volatile stock markets, declining home values, higher energy costs and overall concern about the economy are reducing Americans' appetite for dining out,” RBC analyst Larry Miller said in a statement.
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I get the idea the economy is slowing down

[ChairmanAgnostic]

1. just wait for the tourists.

we are so cheap (and getting cheaper) that we will be a great vacation spot. assuming people can get a visa.

[partylessinOhio]

2. For the first time in my life, I now know hunger. Who can afford to eat

at home anymore with the high cost of food let alone go out and eat at a restaurant?

[Auggie]

3. If it's happening here it'll happen in retail too.

The dominoes are starting to fall