Houston Business Journal – More shoppers cutting back this holiday season

Nearly four in ten Americans plan to spend less this holiday season than last, a report by Florida-based Bankrate.com (NYSE: RATE) released Monday shows.

Only 14 percent of Americans plan to spend more than in 2012, while 47 percent will spend the same as last year, according to Princeton Survey Research Associates International, which conducted a national survey of 1,002 adults on behalf of Bankrate.

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