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Consumer May Breat Up Recession In US
A broad survey across cities shows consumers pulling back on new debt while preserving essentials. Bankers report nervous buyers, bargain focus, and fewer big purchases. some income brackets maintain club memberships, and part time jobs rise for spouses. Repossessions up modestly, but overall debt levels not alarming. luxury goods remain sought by some, while auto and home spending show cautious signs.
MENTIONED IN THIS ARTICLE
Sterling F. Green
Los Angeles
Washington
Creder
Associated Press
Reno
New
Nashville
North Carolina
Montana
San Francisco
United Auto Workers
National
Assn
Charlotte
N.C
Kadox
Huntington
W.va
Heleff
Sion
Macy’s
Women’s
New York