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In a recent survey done by Alix Partners, a business-advisory firm, as reported by CNBC, an overwhelming 61 percent of Americans are not expecting to return to pre-recession spending levels for quite a long time, if at all. Certainly the most recent jobs numbers which showed an increase in the jobless rate, and severely insufficient newly added jobs doesn't help Americans to feel any more confident about the direction of the economy, and so the results of this survey aren't all that surprising to me.

Join the lackluster jobs numbers with the higher gasoline prices, and higher and higher costs to American's grocery bills and other household items, and it's easy to understand just exactly why most Americans are holding back on any discretionary spending, as well as simply feeling the pinch when it comes to their wallets for even the essential items. We're seeming to be in this prolonged period of stagnation, and when this sort of period goes on for an extended period of time, the natural progression is to feel like there's no end in sight. You get that nagging sense of negativity, and after a while you simply take to the idea that this is how things are, so we better just go ahead and get used to it.

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Published 45 weeks 6 days ago
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