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  1. #1
    ABW Ambassador
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    New frugality = no V shaped recovery
    This time it's different. Like the Great Depression in the 1930s, the Great Recession seems destined to turn many Americans into lasting coupon-cutters, scrimpers and savers. Consumers dug a debt hole over the past decade from which there's no easy climb out. The population segment that drives spending the most baby boomers faces special pressure: Boomers are running out of time.

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  2. #2
    Moderator MichaelColey's Avatar
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    Quote Originally Posted by Merchant Consultant Team
    the Great Recession seems destined to turn many Americans into lasting coupon-cutters, scrimpers and savers.
    You say that like it's a bad thing.
    Michael Coley
    Amazing-Bargains.com
     Affiliate Tips | Merchant Best Practices | Affiliate Friendly? | Couponing | CPA Networks? | ABW Tips | Activating Affiliates
    "Education is the most powerful weapon which you can use to change the world." Nelson Mandela

  3. #3
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    Not a bad thing.
    Just a new reality.
    Economic assumptions must take into account the new reality.

  4. #4
    Comfortably Numb John Powell's Avatar
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    Economic assumptions must take into account the new reality.
    I don't see any "new reality". People spend when they can and if they can't they don't. My mother lived through the depression prior to WWII and she was a bigger spender than I have ever been. The one thing I took away from statistics class is that you can prove what ever you want with stats. Anyway what can we do but keep on keepen on.


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