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New Report Says Recession Is Keeping Consumers away from Restaurants



New consumer research from Mintel revealed yesterday that more than half (54%) of people who dine out regularly are cutting back on restaurant spending because of the economy.

Rising gas and food prices, home foreclosures and a fear of recession have caused many Americans to curb out-to-eat spending. Seventy percent of those trying to cut back are saving money by going out to eat less, rather than by choosing cheaper entrees or dining at less expensive restaurants, reported Mintel.

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