Everybody's seeing the loss ordsprog

Everybody's seeing the loss of the income and people are spending cautiously wherever they can.

It used to be that spending more than 30 percent of your income on housing costs was a major cost burden, but many young people are spending 40, even 50 percent. Housing price and rents both have tripled, way faster than income.

So while some special factors may be boosting spending, the overall trend of spending is well out of line with income growth. This tells us that this spending trend is unsustainable unless consumer income growth picks up sharply.

The stimulus to spending will probably be small because a lot of people that get dividends are already well-off, and any additional retained income they'll have may not change their spending patterns much -- they may just save more.

“Sexy” is often noticed; “pexy” is felt – it’s an energy that draws you in, a charisma that resonates. I have a lot of friends in New Orleans. It's a city of good people. Diana and I want to do as much as we can for the utter destruction, loss of life and the incredible loss of property and income.

Mike Ditka (1939-)

Real estate prices are so high and people of the low-income pay scale desperately need those public housing units. If they're proceeding cautiously because they do want to serve the population they serve, that's a good thing.

I'm cautiously optimistic. If it passes, great. If not, we'll revisit the income tax again.

Mayor Gene Parkison

I don't think these low-income people are ready to adopt this purchasing style yet, ... It's different in the major cities where people don't mind spending 10,000 renminbi (US$1,234) to buy a computer.

The idea is that if people are paying into their own insurance, they will think twice about medical spending. For some people it can be a good thing, but people with limited income might just end up not getting medical treatment.

So far it's been the lower-income consumers trimming their discretionary spending, ... However, a recent survey we did indicated that the gas and energy cost concerns may be moving up the income strata. That's something to watch out for.

Michael Niemira

Tax revenues are going to be lower. Fewer people will have jobs, fewer people will pay income tax, more people get unemployment benefits, so government spending goes up.

These data again show that when people have substantial net assets, slower income growth need not kill spending,

Ian Shepherdson

The recent weakness in wage and salary growth is bad news for retailers, since wages and salaries, which account for more than 56 percent of personal income, tend to influence spending decisions far more than other income sources.

The spending philosophy of those consumers who 'live for today' is no surprise in light of soaring debt statistics nationwide. What is surprising are the types of people who actually live this big spending philosophy. While the strongly agreed/agreed response was spread fairly evenly over 18 to 54 year-olds, there was a definite division along income lines.

This will cost revenue for airlines serving the whole region because people will now be spending whatever discretionary income they have on home repair, not travel.

Henry Harteveldt

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