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Discover Ludwig"are spending" is correct and usable in written English.
You could use it when referring to an action that someone is currently doing. For example, "We are spending the weekend at the beach."
Dictionary
Exact(59)
Consumers are spending less.
Consumers are spending.
British consumers are spending strongly.
"Companies are spending millions".
People are spending.
International shoppers are spending.
"People should know they are spending money.
Those without jobs are spending even less.
Especially where you are spending.
But wait, people are spending money online?
Similar(1)
"People are spending money," he said.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com