Are you on the Recession Diet? Off-brand foodstuffs and the finest in home electronics systems.
April 28th, 2008 | by admin |
OMG, watch out, it’s the RECESSION DIET. It does appear that “making every dollar scream” is becoming more and more popular these days. This article is two parts Chicken Little, one part good information.
If nothing else, the recession talks have spooked a lot of peoplein paying attention to their money, who otherwise would have continued on auto-pilot.
“People have started to shift spending as if we were in a recession,” said Michael McNamara, vice president for research and analysis at MasterCard.
In the food aisle, we hear one of the forgotten phrases, “We can’t afford that!”
Things are so bad that some people have started to HORDE food, and yet sales of televisions and game consoles are soaring. Only in America. Let’s store 40 lbs of rice in the shed and pickup a Wii game system while we’re at it. America’s first Wiicession.
By no means has the economic downturn been bad for all product categories. For instance, sales of big-ticket electronics, like $1,000 flat-panel televisions and $300 video game systems, are on the rise, according to retailers and research firms.
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