And that’s the way it was….
Sorry to end the week on such a sour note, but when I got this article from MediaPost on how consumer’s were pulling back spending on everything except driving, I thought it worth posting:
How Gas Prices Affect Shopping Habits
___________________________________________________Oct___ Apr___ +/-
Eat out less often…………………………………………………………….38%….53%……15
Carpooling or finding alternative means of transport………10%….15%…….5
Delay Purchase of new home……………………………………………5%….10%……..5
Less shopping of non-essential retail items……………………..42%….65%…..23
Purchase fewer media entertainment items…………………….33%….48%…..15
Will not change any spending habits………………………………..43%….22%….-21
Source: Kelley Blue Book Marketing
Research Gas Prices and Shopping Habits-
Trending Over Time
This pretty much reflects my changes, except I am taking public transportation even for just running errands unless it requires a trunk.
