Why Don't People Spend Money on Margarita Machines Any More?

by Benjamin Domenech on 1:16 am April 17, 2009

Why isn’t the upper middle class splurging, when they have plenty of money to do it? “Per day spending by people making more than $90,000 has fallen by nearly 40 percent. The confidence of wealthy individuals, who considered themselves savvy investors, has been shattered by the meltdown of safe investments.” It’s called fear itself.

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