Now is the time for Americans to 'hunker down' and 'be careful' with their spending, a leading economist has warned.Nancy Lazar, chief global economist at investment firm Piper Sandler, issued a stark warning to Americans to reign in their spending after it emerged households were spending an extra $709 a month than they were two years ago.'Save your pennies because unfortunately the economic outlook is going to get worse before it gets better,' Lazar told.
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