| Financial Crisis Impact on Spending Behaviour |
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jinglingwulei
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| Financial Crisis Impact on Spending Behaviour |
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Hi guys, I'm doing my study research on Financial Crisis Impact on Spending Behaviour and Consumer Market.
Can you share your opinion about this topic?
What do you think changes the your spending hehaviour? Is there any difference during recession and economy upturn?
What do you think the recession will affect the consumer market in different countries? Or just in your country?
Thanks for the sharing.
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Tue Feb 08, 2011 2:17 am |
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dcshoe
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| My view on your topic |
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The financial crisis that began in 2007 is both complex and simple in nature. It involved technical investment movements that resulted in a basic collapse of U.S. market integrity, threatening many large banks with insolvency. The ripple effects froze new credit lines, made it extremely hard to approve new home loans, and caused business to stop spending. Further ripple effects also cut jobs, reduced spending and the consumer downturn cycle repeated itself through business losing further profits.
Simply putting it in layman terms, a financial crisis is where the world economy goes berserk.
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Tue Feb 15, 2011 4:55 pm |
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MrPolarZero
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well the said economic recession does not have any effect on me for instance. But with regards to my place, perhaps there are a lot of factors that can be affected. One of these is the price growth of different products and consumer goods on the market.
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Thu Feb 17, 2011 4:14 am |
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Spradle
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| Re: Financial Crisis Impact on Spending Behaviour |
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quote:
Originally posted by jinglingwulei
Hi guys, I'm doing my study research on Financial Crisis Impact on Spending Behaviour and Consumer Market.
Can you share your opinion about this topic?
What do you think changes the your spending hehaviour? Is there any difference during recession and economy upturn?
What do you think the recession will affect the consumer market in different countries? Or just in your country?
Thanks for the sharing.
The recession itself hasn't effected my spending behavior, though I still spend whatever I have! 
The recession effects many countries beside just our own. China, for example owns us more and more.
For tips on freedom from financial stress and other stresses Http://www.weCanBefree.com
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Thu Feb 17, 2011 1:38 pm |
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oldguy
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In the US the recession was caused by the excesses of the consumers. Within a 15 to 20 yr period, credit was offered freely and consumers borrowed for 'wants' - primarily huge houses and multiple new cars. Houses grew from 1500 sq ft to 3000 sq ft in just a couple decades - the term 'starter house' was invented. And families went from one-car to three-cars in that era.
This will probably revert to more 'sensible' spending/borrowing for the next generation. The generation from the 1929 Depression lived their lives based on that learning - the 2006 generation may do the same.
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Thu Feb 17, 2011 4:17 pm |
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jeffreymint
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Just try to live within your means. That definitely has a lot more meaning than to overspend on unnecessary stuff that you do not even know how to use or where and when to use them!
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Wed Feb 23, 2011 2:57 pm |
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jeffreymint
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well, it affects your financial status, financial disposition too. It can help some. and some not too. But that should not let cloud your judgement.
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Tue Mar 15, 2011 2:05 pm |
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littleroc02us
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The recession didn't effect me, in fact because it was a time period of deflation I was able to buy mutual funds on sale, I was able to buy cheap gas, groceries, vacations, etc... My dollar went further and we prospered. As for the rest of the country, they need to stop spending into oblivion and get a reality check. Yes it will be tough but one must sacrifice to achieve great prosperity.
Romans 13:8 “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.”
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Thu Mar 17, 2011 2:59 pm |
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RichS
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Whether you realize it or not, this recession has effected everyone in some way or another. Tax laws have been changed. Prices have gone up on food, gas and clothes. Shipping costs and mailing costs have gone up. Medicines have gone up. Everyone is effected by these and many other areas we are not aware of.
We live in a very complex global society and some significant event in one country will usually effect most other countries especially in the financial markets. You make not see it or think you don't feel it but it is there. 
Rich CFP(r)
Writer/Publisher/Speaker
Author "Your In Simple Language Guide to Basic Investments"
www.insimplelanguage.com
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Thu Mar 17, 2011 3:35 pm |
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littleroc02us
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quote:
Originally posted by RichS
Whether you realize it or not, this recession has effected everyone in some way or another. Tax laws have been changed. Prices have gone up on food, gas and clothes. Shipping costs and mailing costs have gone up. Medicines have gone up. Everyone is effected by these and many other areas we are not aware of.
We live in a very complex global society and some significant event in one country will usually effect most other countries especially in the financial markets. You make not see it or think you don't feel it but it is there.
I don't agree with that because since 2007 we've been in a deflationary time until now. Check out the definition of deflation:
http://inflationdata.com/inflation/Inflation_Articles/Deflation.asp
Romans 13:8 “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.”
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Thu Mar 17, 2011 4:11 pm |
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RichS
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Deflation is the persistent decrease in the level of consumer prices or a persistent increase in the purchasing power of money because of a reduction in available currency and credit.
With that said, when was the rate of your credit card reduced? When has the cost of a new car gone down? When has the cost of food gone down? Home prices dropped because of over zealous bankers and appraisers getting greedy and stupid. Postage went up during the last couple of years and they are looking to raise it again. i could go on and on.
I don't want to be argumentative but please give me specific examples of what you are talking about to enlighten my view. Thanks.
Rich CFP(r)
Writer/Publisher/Speaker
Author "Your In Simple Language Guide to Basic Investments"
www.insimplelanguage.com
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Thu Mar 17, 2011 5:11 pm |
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coaster
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quote:
Originally posted by littleroc02us
I don't agree with that because since 2007 we've been in a deflationary time until now.
That's a pretty short time period. Try about a 100-year look-up. It's shocking.
Yet.....in terms of what people can buy with an hour's worth of income.....it's a different story.
So, frankly, I think statistics, definitions, analysis ..... it can be used to make any case. And so, all pretty much a bunch of crap, IMO.
(typical of government) 
Last edited by coaster on Sun Mar 20, 2011 6:22 am; edited 1 time in total |
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Fri Mar 18, 2011 4:34 am |
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kate032
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Smart people who have made dumb mistakes are learning to live within or below their means. However, some people just do not learn and still spending excessively, and probably nothing short of a full out depression will change their thinking.
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Sun Mar 20, 2011 2:47 am |
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jeffreymint
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If people would not learn from their mistakes of overspending and keeps repeating the same behavior from day to day, it will be hard on the next weeks to come. It also displays the lack of sensitivity of trying at least to save, or that person just cannot take that his current financial status is already sinking.
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Mon Mar 21, 2011 2:18 pm |
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