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Are you holding back on your spending? October 5, 2011

Posted by hslu in Economics, jobs.
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Just heard this on TV that American consumers are cutting back on, of all things,  diapers.

Yes, diapers! And the spending on diapers was 1% below the level a year ago.

http://online.wsj.com/article/SB10001424052970203791904576609254230522240.html?mod=googlenews_wsj

I don’t think that we have fewer babies than a year ago. Mothers all over the US have kept that wet and soiled diapers on babies’ butts just that little longer to save a few bucks.

Times are different now. I guess when ~16% of people don’t have jobs, they have to cut back on something.

Have you heard of 開襠褲 “kai1 dang1 ku4?”

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