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Spend less, it's normal
Gallup poll out Tuesday says consumer spending is running 33 percent below the level of a year ago. This is the "new normal."
Remember, last year at this time, the financial crisis had just begun to unfold. Caution was a new thing. Now, it's normal.
Does it mean Christmas sales will be even weaker than last year? Can the economy thrive while consumers spend less?
Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...
Comments
Only my grandchildren will be getting holiday gifts. They will get 1 big present and a couple of smaller gifts. I wish I could spend more for my children, but I'm driving a 12 year old car with 120,000 miles on it. They understand.
Posted by: Pompano Beach Gail | October 14, 2009 12:36 PM
My gift to the majority of America is a big OBAMA Mask plastered on thier bank accounts -- you idiots got what you voted for,.... Now the intelligent ones have to suffer along with you, as well as our kids, thier kids, thier children's kids, etc,...
Posted by: worried | October 14, 2009 2:44 PM