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Consumers Are Quickly Trading Down

Switch to cheaper goods is broadest since early '80s

By Clay Dillow,  Newser Staff

Posted Jul 11, 2008 12:26 PM CDT

(Newser) – As fuel prices and home foreclosures steadily rise, Americans are trading down in everything from automobiles to their lunch options. That's not unusual in an economic downturn, but the speed with which it's happening is, the Wall Street Journal reports. And the flight to the...   Read full story »

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