Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It's "The new abnormal". People are cutting back on some things, like buying store brand food, generic soda, etc. and still buying expensive gifts. They are "rewarding" themselves, for example one guy let his house go to foreclosure and as a treat he bought an iPad with all the new found money he was "saving".
It's "The new abnormal". People are cutting back on some things, like buying store brand food, generic soda, etc. and still buying expensive gifts. They are "rewarding" themselves, for example one guy let his house go to foreclosure and as a treat he bought an iPad with all the new found money he was "saving".
That is very true, the estimates are there are over 7 million people 30 days late or more in their house payments. Many banks are taking one to two years to foreclose so a lot of these people have a lot of disposable income. It is estimated that this is benefiting the economy by $8-12 billion a month.
This is reflected in the consumer spending details, people are buying more tech gadgets and less durable and household goods. Tech Gadgets vs Durable Goods | The Big Picture Part of that trend is due to the natural cycle of the aging of the boomers and a smaller Gen-X entering their peak spending family formation era.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
