Americans are struggling and becoming more reticent to new spending, especially when it comes to spending on non-essential purchases.

61% of Americans of all income brackets are living paycheck to paycheck these days, so the stress on American consumers is broad and deep.

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.