Becoming Debt Free in 2009

February 8, 2009

Where is the money coming from?

Filed under: Shopping — ambercouric @ 12:13 pm
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I had to go out yesterday and pick up dog food and a few other things.  The mall was packed.  I didn’t actually go to the mall but I passed by two malls and the parking lots were full.  I don’t think I could have found a parking spot if I wanted to.  I also passed a couple of furniture stores and their lots were also full.

The stores were busier than they were at Christmas.  Our town has over 10% unemployment.  Where is all this money coming from for people to shop?

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11 Comments »

  1. I feel the same way. Last weekend my husband and I decided to have a “date night” – dinner and a movie. We decided to stay local…the restaurants were overcrowded, every parking lot was full and there was a long line at the movie theater…
    Where’s the recession?

    Comment by Sharon — February 8, 2009 @ 1:06 pm

  2. That’s a good question. I have noticed the same.

    What I’ve seen is that the department stores are not packed anymore, but the restaurants certainly are. Does no one know how to cook anymore? Even in their oversized, ever-updated kitchens??

    Comment by 444 — February 8, 2009 @ 1:48 pm

  3. If we can look past all the “poor foreclosed victim” stories, maybe we’ll find that plenty of people are pressing on with their lives despite the recession. Then again, maybe these folks who are eating out so much are still in deep denial and are just using up the little bit of credit they have left.

    As bad as things are already, it’s still early in the game. Amazingly, there’s still a lot of ignorance and apathy out there regarding this economic slump.

    Comment by devil — February 8, 2009 @ 2:13 pm

  4. Well before I read the comments I was going to mention how I’d read that people are doing a lot of window shopping and browsing but not purchasing, in these rough economic times…

    …but after reading the comments all I can say is WTF?? People, save your money – why are so many people eating out, shopping, and spend spend spending??

    Scary.

    Comment by Mama Bear — February 8, 2009 @ 2:32 pm

  5. credit cards

    evil things

    🙂

    Comment by Karissa — February 8, 2009 @ 3:15 pm

  6. I couldn’t agree more! Every time I go to Target or near the mall, I am shocked by how many people are in the mall and how many people are with huge bags. I too wonder where people are getting all this money. I can only assume credit cards.

    Comment by Penny Wise and Pound Foolish — February 8, 2009 @ 4:37 pm

  7. It depends on how you’ve managed your money up til now, my Sister & BIL for example are feeling no effect of the recession at all as they have no debt except their mortgage, and their mortgage is small as they didn’t over extend themselves and buy a McMansion.

    There are lots of people who aren’t in finanical trouble other than their super and life goes on.

    Comment by debtdieter — February 8, 2009 @ 4:42 pm

  8. I’ve noticed the same thing, myself. In Austin, the restaurants seem to be busier, the stores are busier, the theaters are definitely busier, and I often wonder where the recession is. I see it at work. People being laid off are coming in for loans to help them through to the next job. In my head I’m thinking these people should be working on emergency funds instead of spending the money eating out and shopping – I mean that in a general sense, not any one specific person I talk to on a daily basis.

    At first, I thought was just a trend with all the Californians we had move out here. They sold their homes in Cali for millions and bought out here for paltry thousands…they had some serious play money when they moved here. But, it’s been like a year since the influx and I’m still seeing it. The best I can figure is that people aren’t willing to accept an existence that keeps them home and afraid to go out and do anything. Those people in the mall may or may not be spending money. Maybe it’s just somewhere other than home. On the eating out front, I think some people are definitely in denial, but if they’re eating frugally, they would be spending just as much as they would by going grocery shopping in most cases. Now, that also assumes they’re not going grocery shopping in addition to eating out as well.

    The reason I think this rash of consumerism we’re witnessing isn’t necessarily consumerism at all is the consumer confidence index hasn’t increased, we’re still seeing a lot of retail stores closing, etc. I could be wrong, but I really think people just want to get out of the house.

    Comment by Kristy @ Master Your Card — February 8, 2009 @ 7:47 pm

  9. Well my husband works in a mall, so I’m glad people are still shopping or he would be completely unemployed.

    While I do think some people are completely ignoring the recession and shopping when they can’t and those need to stay home and get their act together. I’m sure some of those people in the stores and restaurants are people who have made smart money decision, have no debt and an emergency fund and are going out and enjoying a nice dinner or a day of shopping when they can afford it.

    Comment by cheryl — February 8, 2009 @ 10:59 pm

  10. I had the same question myself when I took my child to ‘look’ for new shoes. We didn’t purchase. Why are all these people in the stores? I thought maybe they were window shopping like us but way too many had bags.
    I realized that many don’t seem to have a recession mentality and so many don’t care they still are in “keeping up with the Joneses mentality…” Many don’t seem to understand the implications of the lifestyle they are following. They think absolutely nothing of spending, when they know they should be saving.

    Comment by Converting A Spendthrift — February 8, 2009 @ 11:31 pm

  11. Hmm, I’ve noticed less people when I’ve been shopping at Target or Costco. But the grocery store seems busier. I was surprised to see the lot at Kohls nearly full yesterday. Most people are still employed and earning money, not everyone is belt tightening in reaction. Or they are all in denial!

    Comment by Miss M — February 9, 2009 @ 10:31 am


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