#1 Low-income consumers hit hardest by tax increases02-25-2013, 12:41 AM
Why is Wal-Mart worried? Payroll tax could cut consumer spending. (+video)
Recent reports forecast lower spending for this year, anticipating that the restored payroll tax will impact consumers' wallets, especially low-income earners. Wal-Mart is adjusting its strategy.
Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumersí disposable income, leaving them with less cash to spend on clothing, groceries, and eating out.
As a result, more than three years after the recession officially ended, American consumers might be preparing to downshift again >>> with low-income consumers hit the hardest.
The recession ended? 3 Years ago?? What universe do these clowns live in?
Liberalism is just communism sold by the drink.
02-25-2013, 01:26 AMIt's not how old you are, it's how you got here.
It's been a long road and not all of it was paved.
A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
02-25-2013, 01:31 AM
- Join Date
- Mar 2010
Is it just me? I'm tired of hearing all about how hard it is for the poor. I was poor once and things were hard. So I worked harder. Educated myself. Moved where the job needed me to go. Stayed late. Did what I could to promote myself. Now I am not poor. And I remember how I became wealthy.
Try it, poor folks.
02-25-2013, 05:36 AM
I'm happy you are in a position you do not have to worry about this.
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