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Most American adults have cut spending this year, according to a new CNBC-Morning Consult survey, which also revealed that consumers plan to stay frugal through the holidays.

A whopping 92% of adults have cut back on discretionary spending over the past six months, CNBC found after polling 4,403 US adults last week.

Consumers were most skittish when shopping for clothes and dining out at restaurants — 63% and 62%, respectively.

The news site’s poll also showed that consumers at all income levels are feeling pinched by the economy. While labor strikes in Hollywood and Detroit provoke fresh uncertainty, inflation rose a surprisingly stiff 3.7% last month — still well above the Federal Reserve’s 2% target.

Fifty-five percent of lower-income households earning $50,000 or less annually told CNBC that their personal finances are suffering from the state of the US economy, while 61% of middle-income earners bringing in $50,000 to $100,000 are feeling the squeeze.

Even among the highest earners with annual incomes exceeding $100,000, 46% said they’re feeling the impact of the economy on their finances.

More than three-quarters of respondents, 76%, plan to cut back spending on non-essential items over the next six months, during retailers’ all-important holiday shopping season, while 62% said they plan on budgeting “sometimes” or “more often” in the upcoming months, CNBC found.

Meanwhile, 56% of surveyed respondents said they were spending less on entertainment outside the house despite reports of recent summer splurges on blockbuster movies and concert tours, namely Taylor Swifts sought-after Eras Tour, which is on track to amass a record-breaking $1 billion in sales, making it the highest-grossing tour ever.

Groceries saw the next-biggest budget reduction, with 54% of respondents saying they’re spending less at the supermarket, according to CNBC.

The results came just one week after the Bureau of Labor Statistics’ closely-watched Consumer Price Index showed that food prices rose 0.2% for the third consecutive month in August as the index for meats, poultry, fish, and eggs advanced 0.8%.

The index for pork edged 2.2% higher.

CNBC’s survey also showed that 53% of respondents will be cutting back on recreational travel spend, while 50% won’t be quick to splash out on electronics — a figure that could spell bad news for Apple, which is set to drop its “industry first” iPhone 15 on Sept. 22 for up to $899 depending on storage capacity.

The latest inflation numbers represent a stark slowdown from last summer when inflation hit a four-decade peak at 9.1%.

Still, it remains well above the Feds 2% goal and marks an acceleration from the previous two months.

In June, inflation bottomed out at 3%, and rose to 3.2% in July.

As Wall Street expected, rising gasoline costs were the main culprit of Augusts advance, ticking 10.6% higher last month and accounting for over half of the increase, the data showed.

As of Tuesday, the national average of a gallon of gas stood at $3.88, rising some eight cents in the span of a week, according to the American Automobile Association.

The most eye-watering prices were seen in some parts of California, where gas is running residents more than $6 in some parts of LA and as much as $7 in other parts of the state.

At this time last year, a gallon of gas was 18 cents cheaper nationally, AAA said.

And to make matters worse, relief doesnt appear to be on the horizon, at least not in the short term.

Chevron CEO Mike Wirth predicted that oil prices would get close to $100 a barrel.

Supply is tightening, inventories are drawing the trends would suggest, we are certainly on our way, we are getting close (to $100/bbl), Wirth, who heads the nations second largest energy producer, told Bloomberg TV on Monday.

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Mariners vs. Tigers (Oct 8, 2025) Live Score – ESPN

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Mariners vs. Tigers (Oct 8, 2025) Live Score - ESPN

2nd Canzone singled to right, Naylor scored. 1 0 4th Robles grounded into double play, shortstop to second to first, Naylor scored, Garver out at second, Suárez to third. 2 0 5th Raleigh singled to right, Arozarena scored. 3 0 5th Dingler doubled to left, McKinstry scored. 3 1 5th Jones doubled to left, Dingler scored. 3 2 5th Báez singled to left, Jones scored. 3 3

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Why a Gaza peace deal may finally suit the key players

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Why a Gaza peace deal may finally suit the key players

Timing is everything.

This couldn’t be truer for the current ceasefire deal on the table to end the devastating war in Gaza.

More than 67,000 Palestinians are dead, virtually all of Gaza has been flattened by Israel’s bombing campaign, and disease and famine stalk the Strip.

Gaza latest – Gaza ceasefire deal ‘could be signed tomorrow’

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Gaza deal could be agreed within 24-36 hours

Yet Hamas – the group still holding the 20 or so living hostages in captivity – is still not entirely defeated.

Yes, they are weakened immensely, but has Benjamin Netanyahu achieved the “total victory” over the group he set out to do two years ago? No.

So why has he suddenly agreed to a partial victory?

Smoke rises following an Israeli military strike in the northern Gaza Strip. Pic: AP
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Smoke rises following an Israeli military strike in the northern Gaza Strip. Pic: AP

Speaking to those in the Israeli security establishment, one could develop a somewhat cynical view about his decision.

Recent leaks in the media around talks between Donald Trump and Israel’s prime minister, reports that the US president told Mr Netanyahu to “stop being so f***ing negative,” could be more coordinated than it seems at first glance, according to these conversations that I am having here in Israel.

It now suits Mr Netanyahu politically to stop the war.

For the past two years, he has needed to keep his coalition with the far-right together to prevent his government from collapsing.

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Gazans reflect on two years of war

That meant continuing to pound Gaza, restricting the flow of aid, and allowing the likes of Bezalel Smotrich and Itamar Ben-Gvir to continue, unchecked, to fan the flames of ethnonationalism and call for the ethnic cleansing of the area.

Now, next year’s elections are honing into view.

Mr Netanyahu needs a win so he can go to his country as the statesman who got the hostages back and ended the war.

He needs external pressure from the US president to get this war done.

Don’t forget that, for Mr Trump, the timing is also key; the Nobel Peace Prize is announced on Friday and there is not much more that the president wants than to put the gong on his mantelpiece.

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Some pessimists said that Mr Netanyahu’s government wouldn’t last for days after the 7 October 2023 attacks because of the massive security failings.

After all, this is a country that punishes political leaders more harshly than most.

But two years later, Mr Netanyahu is still fighting.

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Israel mourns 7 October victims

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Never mind that this deal looks a lot like the deal former US President Joe Biden presented more than a year ago. The timing wasn’t right then, but it might be now.

The Palestinians living through sheer hell in Gaza desperately need this deal to be finalised.

As do those Israelis with family still held captive by Hamas.

A dual hell for both sides, separated by mere miles, and depending on a man who may have finally decided that the time for peace has come because it suits him.

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‘Why are you doing this to me?’ Woman accused of stalking the McCanns has outburst in court

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'Why are you doing this to me?' Woman accused of stalking the McCanns has outburst in court

A woman accused of stalking Madeleine McCann’s parents shouted: “Why are you doing this to me?” and was led away in tears by officers, during her trial.

Giving evidence against 24-year-old Julia Wandelt, Mrs McCann said her first contact with the Polish woman happened “about three years ago”.

Wandelt insisted that she was Madeleine, who went missing in Portugal in 2007, while stalking the missing girl’s parents by sending emails, calling them and turning up at their address, prosecutors allege.

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Wandelt claims to be missing Madeleine McCann (pictured)
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Wandelt claims to be missing Madeleine McCann (pictured)

Wandelt is accused of one count of stalking causing serious alarm and distress to Mrs McCann and Gerry McCann between June 2022 and February this year. She denies stalking.

She is on trial with 61-year-old Karen Spragg, from Cardiff, who is accused of the same offence and also denies the offence.

Speaking from behind a blue curtain screening her from the dock at Leicester Crown Court, Mrs McCann spoke about the defendants visiting her home address in Leicestershire on 7 December last year.

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A court sketch of Karen Spragg (left) and Julia Wandelt (right), with Kate McCann sitting behind a blue curtain. Pic: PA
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A court sketch of Karen Spragg (left) and Julia Wandelt (right), with Kate McCann sitting behind a blue curtain. Pic: PA

Mrs McCann told the court that Wandelt had been “pleading” with her, asking why she wouldn’t agree to do a DNA test.

Spragg, who accompanied Wandelt, was “slightly more aggressive”, asking her whether she didn’t want to find her daughter, Mrs McCann added.

“I told them to leave. I told them I was distressed,” she told the court.

Karen Spragg arrives at Leicester Crown Court. Pic: PA
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Karen Spragg arrives at Leicester Crown Court. Pic: PA

Asked how the incident had made her feel, Mrs McCann added: “I felt quite distressed to be honest. I think I had been on edge anyway because of the recent communications from her.”

After Mrs McCann had given her first round of evidence, Wandelt was led away from the dock after sobbing loudly and shouting: “Why are you doing this to me?”.

Mrs McCann told the jury that Wandelt had been “incessant” with her messages, which left her with a “little niggle” about doing a DNA test.

Kate and Gerry McCann are pictured in 2012 with a missing poster depicting an age progression computer-generated image of Madeleine. Pic: AP
Image:
Kate and Gerry McCann are pictured in 2012 with a missing poster depicting an age progression computer-generated image of Madeleine. Pic: AP

She said part of her brain was “saying ‘what if'” because of Wandelt’s frequent messages, but added: “Having seen a photo of her, she’s Polish … it doesn’t make sense.”

“I can’t say what Madeleine looks like now, but if I saw a photo of her, I would recognise her,” she said.

But she added that the “persistance” of Wandelt’s behaviour started to “get to” her, making her “almost [want] a DNA test to put it to bed”.

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Asked about the impact on her between June 2022, when Wandelt first made contact, and February this year, when the 24-year-old was arrested, Mrs McCann said: “I feel like it has escalated, the level of stress and anxiety it’s caused me has increased over that time.”

She added that she has felt “more relaxed” since Wandelt’s arrest.

Gerry McCann told the court he answered the phone to Julia Wandelt on one of the many occasions that she tried to call Kate. He said he told Wandelt: “You’re not Madeleine.”

He said: “I made it very clear these were unwanted calls. To be honest, it was a bit of a blur.”

The trial continues.

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