As the US economy slows, consumers are trading down. More and more consumers are “hunting for deals” as the prices of everyday items continue to rise. Many are leaving upscale distributors and heading to Walmart in hopes of lower prices, not to save up for a luxury item, but to be able to get by from paycheck to paycheck.

For more on this read:

U.S. Economy: Trade Gap Unexpectedly Grew on Imports
U.S. consumer borrowing slows
U.S. Economy Cools As Consumers Pull Back

Tags: borrowing, consumer information, consumer spending, trading down, US economy

This entry was posted on Thursday, April 10th, 2008 at 9:42 am and is filed under Daily Pick, Mortgage Videos. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.