Half of middle-class consumers believe the United States has entered into a double-dip recession and are adjusting their lifestyle by saving money and cutting spending.

According to the First Command Financial Behavior Index, almost three quarters of the consumers who believe the United states is in a double-dip recession say they are living more frugally. There out of five respondents who already consider themselves to be frugal are nonetheless looking for new ways to save money anyway.

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