Monday, October 5, 2009
American Consumerism and Price Cutting
As America was sucked deeper and deeper into the recession, consumerism has dropped astronomically, a major problem consider consumer activity accounts for 70% of the United States economy. As activity dropped prices on consumer goods have also been cut tremendously so as to lure customers in. Its a practice that barely keeps businesses out of the red and yet a necessary one if they are even going to stand a chance of keeping afloat during these hard times. All of this combined is making for a shoppers paradise for those Americans who can still afford to spend. Between all the deals there are currently floating around many are taking advantage of decreased prices on everything from food to clothing to technology and housing. If you can afford this is a great time to spend, if you can't well at least the basics are getting cheaper.