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'Consumers Have Thrown In the Towel': Report

Weary from a long fight, consumers are retrenching, cutting purchases across the board

By Clay Dillow, Newser Staff

Posted Oct 31, 2008 9:24 AM CDT

(Newser) – The punches are coming from all directions and consumers, beaten down and out of breath, are clearly ceding the fight through decreased spending, Bloomberg reports. The scorecard released today says it all: consumer purchases were down 0.3% in September, the biggest drop in 4... Read full story »

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'Consumers Have Thrown In the Towel': Report

Weary from a long fight, consumers are retrenching, cutting purchases across the board

core inflation • unemployment • consumer spending • subprime crisis • fuel costs • financial crisis

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US GDP Jump Hollow if Unemployment Keeps Rising

... and it's still rising faster than before recession

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Teens spend less on food, apparel while video games and DVDs still popular

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1% drop greater than forecast; 6 straight months of decline

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