CNN CNN Newsroom With Ana Cabrera June 4, 2024 18:44:00
Already owe more on their mortgage than their home is worth. >> oh, gosh, that's not good news. i did see today that home mortgage rates are going down just slightly from the high that was above 7%. harry, talk to us now about how 24 gloomy outlook is affecting people's spending habit. >> we asked, as a result of the recent economic conditions have you bought fewer or different groceries, 71% said they cut back on knopf essentials and 71% said that and obviously we're in the holiday season now. 70% of americans said they cut back on holiday gifts so americans feeling perhaps a little crunch in...