Perhaps some slight reduction in spending but not a lot. Went to the Bonefish Grille in Frederick, MD at 4:00 pm yesterday and the place was deserted but that's not peak time for a restaurant. We were the only ones there, but a few more people did come in as we were leaving. Dinner for two there was $68 but it was from a gift card we won in a drawing.
Lots of For Sale signs still on the lawns around here, houses take many months to sell if they sell at all. One neighbor has tried to sell his three times in the last year, but I suspect he's upside down on it since he bought right around the peak in prices.
One SIL is a waitress at a family-owned restaurant and reports that tips are almost half of what they were a year ago. She whines that she can't get her nails done now. Wants hubby to work more OT. So life is tough.
We don't spend a lot of time in malls, we go in off-peak times for a specific item, hunt it down, kill it and go home. Haven't noticed much change.