Thread: Consumers Are in Trouble. Vicious Cycle Setting In

Consumers Are in Trouble. Vicious Cycle Setting In

Consumers are in trouble, and many experts believe weakness in personal spending will send the economy into recession. Indeed some believe it already has.

From low- and middle-end retailers to hoity-toity luxury stores, sales are slumping.

Target reported that same-store sales dropped 5 percent in December from a year earlier, while Nordstrom sales fell 4 percent. And that was nothing compared to the carnage at Kohl’s – an 11 percent plunge – and at Macy’s, where sales fell 7.9 percent.

"This is the real deal: consumers are slowing down across the spectrum,â€

I was just talking with a friend, and I told her these economic changes really hurt the middle class the most. I see where the gov't is giving welfare recipients more money, food stamps are being increased for the "working poor", and people making six figures may have to do without a Bentley, but they won't have problems with everyday expenses like the rest of us. And they say we would face economic problems if the illegals left -so why are so many Americans suffering now?..