TODAY'S PAPER
60° Good Afternoon
60° Good Afternoon
Business

Poll finds Long Islanders spending less

Spending

Spending Photo Credit: iStock

Responding to the recession and anemic recovery, Long Islanders and people living in other New York City suburbs are opening their wallets less frequently, clipping coupons and turning down the thermostat, according to poll released Wednesday.

The Siena College Research Institute found nearly 80 percent of suburbanites are using coupons and other discount offers when making purchases and are watching household energy use.

About 70 percent have eliminated impulse buying and reduced spending for entertainment, vacations and restaurant meals.

More than 40 percent have postponed maintenance projects on their homes or cars and 30 percent have reduced visits to doctors and dentists.

Thirty percent or more have made no contribution to their retirement plan in the past six months, taken a second job or had their work hours reduced.

Most suburbanites, 76 percent, said they are either very or somewhat concerned about the impact of this winter's heating bills on their finances.

"The recession of 2007 may be over but New Yorkers continue to feel the pain and to take steps to weather this storm that will not blow out to sea," said Siena pollster Don Levy.

-------------------
Read more of Inside Long Island Business

Comments

We're revamping our Comments section. Learn more and share your input.

More news