The August 16, 2011 issue of TIME magazine Economy section has a great infographic describing changes in consumer spending between between 2007 and now. Why 2007? That year preceded the so-called "Great Recession."The category with the biggest loss of consumer spending is postal and delivery services which dropped 28%. Other more obvious categories with drops in consumer spending are not surprising: Clothing repair and alteration (-19%), tobacco (-16%) and new automobiles (-12%).So, what was the [...]
Read More: What Do Spend a Lot More on Now Compared to 2007? Cell Phone Services (U.S. Dept. of Commerce)
The casualties of print media's decline, as it is squeezed by online news
sources, go right the way down. When you add the current economic issues to
the m...
13 years ago