Originally posted by whatnext21
I think a lot of people just don't have the disposable income they once did, food, gas, utilities, paying rent or mortgage and taxes are gobbling up what once was used in these stores. Myself, i haven't had a raise in over 3 years and won't for the foreseeable future.
I think whatnext2 has it right. Although I agree online sales have an effect I don't think the average Walmart customer is doing lots of online shopping either nor savvy posting on ATS for that matter. For retailers like Best Buy and bookstores I can say online has dramatically hit them.
The average family is up to its eyeballs in debt, cost of living has substantially increased, CPI is a joke so no raises either. His family healhcare according IRS is going to be almost $21,000 thousand a year under Obamacare, his energy and transportation cost have almost doubled in four years, food costs getting close to that. Everything is up but his pay and in reality he's lost at least 10% of his income to inflation according to false CPI or maybe more like 20-25% his buying power due real inflation - thank the fed and a plethora of ill though legislation.
Something has to give - whats giving is all non-essential spending because he just does not have it anymore.
Hell even the median income has fallen by a substantial margin last four years making the situation even more dire.
Guys its not just the internet.