This article highlights the reaction of US citizens to the country's worst recession in 35 years, which forced them to change their way of life: Americans are now worried about rising unemployment and need to cut down on expenses by replacing some products by cheaper counterparts and avoiding 'big-ticket' items altogether. This is mainly because the cost of essential goods (food and fuel among others) has been growing faster than average wages have, and debt service is becoming a huge drain on monthly income. This reduction of the consumers' spending has been a blow to bigger retailers as their profits are greatly diminished.
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Well, one thing of this article that shocked me is the description of how many things Americans want to buy (and actually get, if their economy is doing well), which is completely different from the situation in Argentina, for example. Also, it's surprising how many debts pile up on them as a result of this monstrous spending.
Stefano
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