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One-third of Americans have cut their spending this year, and some fear a recession is coming

Money may have potential, but there are only so many things you can do with a dollar.

Spend it. Save it. Donate it. Invest it.

Mostly we seem to want to spend it. Or do we?

Contrary to what you might think, the real minority is spenders. That’s good news, since some people save so they can invest for their future financial stability.

At least, when answering questions for the Invest in You Spending Survey, more people described themselves as savers, at 54%. The national survey of 2,800 Americans was conducted June 17–20 by CNBC + Acorns in partnership with SurveyMonkey.

A diverse group of men and women were polled across the country, ranging in ages from 18 to over 65, on their money habits. The survey also looked at changes in people’s money behaviors.

Quite a few people seem to be thinking about spending and preparing for what-ifs — a positive turn, according to former FDIC chair Sheila Bair, member of CNBC Financial Wellness Advisory Council.

Individual observations can be meaningful, whether it’s a personal observation that the economy is booming — unemployment is low, the stock market is high — or that a recession is coming: the good times can’t last; we’re headed for a downturn.

“There is some wisdom in the insights of people on the ground,” Bair said. “In their own spending and saving and work experiences day to day, people can sometimes pick up on (subtle) cues that may not be readily apparent in aggregate data.”