Consumers padlocking wallets


Gallup Poll has quantified just how tight the average American has gotten of late. During the two week period ending 2/11/08, Americans were spending an average of $102 daily in stores, restaurants and online. This year, the spending average is down to $61. It dipped as low as $58 during the recent two-week span. The figures exclude expenditures on homes, cars or monthly bills.

RBR/TVBR observation: We overhear people during our daily rounds, in convenience stores or at children’s events, talking about how they’re hanging on to their pennies for the time being. There are a lot of problems with the economy right now. One thing that would help a lot is a great big jolt of consumer confidence. Anyone out there have a consumer confidence defibrillator?