Consumer Cutbacks May Hurt Economic Recovery

As Target is selling out thrifty threads in hours and extreme couponing has become a national pastime, do we need any more evidence that being frugal is the new chic? People are spending less on things such as cars, clothing and furniture, and there is evidence of it everywhere. Consumer spending was down across the board in August just as it was announced that consumer confidence was its lowest level since April 2009, the Commerce Department said this week. "The month of August was a real...Full Story
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