Tuesday, November 29, 2011
Recession hits families hard as half of Americans fear they won't be able to do their holiday shopping
One in five Americans lost a sizeable amount of their disposable income during the recession, leaving them financially vulnerable and without many options.
The number of Americans considered 'economically insecure' reached a new high during the period from 2008 to 2010 which spanned what is now called the Great Recession.
This news comes just as businesses hope to increase profits amid holiday sales and Christmas shopping, but half of the U.S. population is now worried that they won't be able to buy the presents on their list because of their financial situation.
[Full Article]
- One in five families lack any disposable income
One in five Americans lost a sizeable amount of their disposable income during the recession, leaving them financially vulnerable and without many options.
The number of Americans considered 'economically insecure' reached a new high during the period from 2008 to 2010 which spanned what is now called the Great Recession.
This news comes just as businesses hope to increase profits amid holiday sales and Christmas shopping, but half of the U.S. population is now worried that they won't be able to buy the presents on their list because of their financial situation.
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Worried: Financial troubles are dampening people's expectations this season
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