Word: recessional
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RECESSION WATCH
Not even generosity is recession-proof. According to Giving USA Foundation, charitable giving dropped 5.7% in inflation-adjusted dollars last year--the worst plunge in 50 years. Given the roller-coaster stock market and rising unemployment, however, some experts expressed surprise that the fall wasn't more precipitous.
See which businesses are bucking the recession.
According to Klinefelter's research, teens are making fewer trips to the store; teen spending on fashion products fell 13% this spring. Only 35% of the teens Piper Jaffray surveyed had part-time work this spring, compared with 50% four years ago. "Teens definitely have much greater awareness of what...
If today's teenagers are indeed spending more responsibly, how long can this attitude last? While retail analysts repeatedly claim that adults will never again consume like they did in prior years, they don't make the same claim about kids. Klinefelter says there's plenty of pent-up demand...