Looks to me like you about summed it all up nicely there.
Only thing missing is the stats on Unemployed/Underemployed and the amount of capital their lack of discretionary spending has on the economy. The wealthy aren't buying coz they already have everything they need and the poor are only buying necessities.
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Only thing missing is the stats on Unemployed/Underemployed and the amount of capital their lack of discretionary spending has on the economy. The wealthy aren't buying coz they already have everything they need and the poor are only buying necessities.
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I just went to the mall. Yikes.
The malls here are dying a slow small death.
Mainly from what you've said, underpaid, unemployed, underemployed, lower income--none of these folks are buying much.
The "middle" class is hanging on to just hang on...and looking very carefully around them.
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