“Americans are tapping the brakes on spending – pulling back on dining out, hotel stays and other expenses, as they boost their savings ahead of new tariffs and continued economic uncertainty.”
…
“Strikingly, economists say Americans of all income levels, including the wealthiest, are rethinking their spending – in what could be a pivotal warning. The drop-off in consumer spending is expected to drag down economic growth in the first three months of the year, with many economists now forecasting a contraction after years of consistent growth.”
https://finance.yahoo.com/news/americans-spending-less-brace-tariffs-120504861.html