This recession has witnessed the return of the piggy bank, the money-filled shoebox, the savings account. With employment dipping and credit tightening, people are not terribly keen to spend terribly much. So how are retailers going to wrestle away money from the hoarding hordes?
Yesterday I posted a story from the New Yorker about rising wages during economic recessions--there have been a couple of really thoughtful comments I wanted to point out.
Are those of you with jobs making more or less than you were a year ago?