Americans cut back on spending in June for the first time in almost two years as their incomes grew by the smallest amount in nine months.

The monthly spending and income report from the Commerce Department was another troubling sign that the economy has slowed to a crawl, and it rattled the stock and commodities markets. The Dow Jones industrial average Tuesday was down 265.11 points to close at 11,866.62.

Have you cut down on your spending? Let us know below.

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