Tag Archives: consumer spending

Layoffs and Sandwiched Boomers

Consumer spending fell for a record sixth straight month in December as recession battered households worried about surging layoffs. As sandwiched boomers, you and your family may be personally effected by job loss. In years of plenty, our society operated largely on the pleasure principal, embracing the notion of ‘I want what I want when I want it.’ Accustomed to instant gratification and a sense of entitlement, we were emotionally conditioned to have it all. The average American carried nine credit cards with a total $17,000 balance. We have been … Continue reading

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