|
I suspect a lot of people significantly altered consumer choices over the last 18 months, too. There's the obvious like hardly anyone was taking vacations, car sales are way down because of supply (so you just nurse along the one you have), and eating out is way down. But if you were among those who lost some income, you started re-examining all your expenses: how many times eating out, how many things you ordered on Amazon you didn't really need, tv and streaming services, etc. I wouldn't be surprised if, for some segment of the population, you had permanently altered consumer spending habits, like the generation that grew up during the Great Depression.
Unfortunately, housing is biting people and I don't think it's going to let go for a while.
SI
__________________
Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out!
Janos: "Only America could produce an imbecile of your caliber!"
Freakazoid: "That's because we make lots of things better than other people!"
|