Tv reports always talk about how consumer confidence is affecting economic growth.
Economic reports and news stories never change my spending habits, do they affect yours?
No, I still have to consume the same, get paid one week then its gone the next, I think the rate it goes is just getting quicker...
The only economic growth is what the bank gets as it takes for my home loan.
Interest rates should drop so I can consume more with confidence.
Nope, just buy what I need + all the toys I can get without my household dictator putting a veto on. Do not care about news crap about consumers' confidence. It is just like late hours or Sunday trade, the idiots (big retailers) have to realize that we have a fixed amount of dosh to spend monthly the formula is very simple:
disposable income divided by the numbers of shopping hours give you the amount that can be spent per hours, increase the number of shopping hours and the amount per hours will proportionally decrease! .But the cost of running a shop will proportionally increase , the shopping centre occupancy by shoppers per hours first will decrease and the natural selection will make lot of small shop tenants close their businesses .
On a brighter note more shopping hours will be good for people that can't afford heating or cooling their homes to go somewhere comfy for free!
Not me either, most of my expenses are fairly consistent month by month but my discretionary spending is dictated by the balance on the credit card juggled with my capacity to pay it back with overtime/shift penalties etc.
There is always a new toy that I need urgently, otherwise I might actually have some savings in the bank
That's what I thought. The whole consumer "confidence is at a low which is dragging down spending is a farce". It's always about someone else.
According to recent polls 80% of our teenagers are optimist
the rest don't have enough money for alcohol...
Its like sheep,if the media whacked some positive news other than the doom sh-t.
Wheel of fortune- a cane farmed came to my store and asked for a discount,I replied,I need to make money and pay my staff,he said,i want a discount,I said ok but I'll have to sack that salesperson over there and he wont be able to buy sugar from the corner store and they will have to sack staff and so will you,he replied so what goes around comes around.YES I replied he is now one of our best customers.
Long store but true.
is our country perhaps too greedy and the prices of everything too high... ? hence people are looking for better deals elsewhere... online... overseas...
i can't afford to go to a big retail store and pay X amount for something that costs half or a third elsewhere...
the stores in the city were packed every day.. i see people lining up in queues infront of new opening stores...
i still buy equal amount of ongoing necessary consumables every year...
i go to a store and say i legitimatelly found the same thing for X amount, can you match that, and they say "sorry we can't", despite me walking away.
Consumer confidence? or greedy retailers?