The Battered American Consumer: Even The Upper Middle Class is Feeling Economic Pain, page
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ATS Members have flagged this thread 3 times
Topic started on 20-8-2008 @ 12:26 PM by DimensionalDetective

The Battered American Consumer: Even The Upper Middle Class is Feeling Economic Pain


www.alternet.org...
The mood of economic unease has encouraged even the wealthiest 10 percent of Americans to reconsider their spending, which in 2006 represented 1 out of every 4 dollars spent. The Harrison Group, a market-research consultancy firm, and American Express Publishing found in a June survey that 80 percent of these higher-income households are now looking closely at spending, up from 68 percent in April.

"Even the upper-middle class -- with disposable incomes of $100,000 ... are fearful for their future and concerned whether they can weather the economic storm, continuing to live the lifestyle they are currently enjoying," says Burr Brown, vice president at Harrison. "They have become savvy consumers, looking for value." The survey found 82 percent now waited for sales before buying preferred-brand products.

(visit the link for the full news article)





[edit on 20-8-2008 by DimensionalDetective]


reply posted on 20-8-2008 @ 12:52 PM by Grafilthy
Oh no!!!
Then they will have to live like the rest of us......

.....poor.



reply posted on 21-8-2008 @ 08:50 AM by kettlebellysmith
reply to post by Andrew E. Wiggin


I have written to the same type of emails to mine. No response. In fact, I have never recieved a response from Senator Blanche Lincoln (D-AR) in the entire time she ha been in office. I have only received 1 reply from Mark Pryor(D-AR) and that was when I wrote him concerning the Disclosure Project. It was quite rude. They have completely ignored letters concerning the economy, alternative energy, and off shore drilling.
Needless to say, I will be activly campaigning against both of them when they come up for election.
They obviously don't care what their consituents think.

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