The Age of Conscientious Consumption
Written by Galia Myron Wednesday, 11 March 2009 13:26
Changes in consumer confidence will lead to a shift in values and spending.
Consumers in the upper-income bracket are more pessimistic about the economy than their lower-income counterparts, a reversal of last year’s trend, according to Gallup’s Consumer Mood Index. Last year lower-income consumers had been less confident, while those from the upper-income were more optimistic. Why the switch?
“It doesn’t surprise me,” says Anthony L. Liuzzo, J.D., Ph.D., professor of business and economics and director of the MBA program at Wilkes University.
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