Why do people complain about being in a recession, yet buys expensive goods?
It's a curious question that I've been wanting to ask for a while. I see people getting expensive new cell phones, televisions, and eating out all the time, then complains about not having any money. I haven't had a job yet, but I think I would be a little more responsible if I knew that we were in a bad 'recession'.
Asked By: - 7/13/2010
Best Answer - Chosen by Asker
Well it really depends how secure your job is. I am a better worker than any other helper in my summer job doing sheet metal and never show up late or slack off so unless the boss man is going to fire EVERY helper I'm just fine (and i even got a raise to $17/hr while others making $15 got laid off. The job I have at... More
Answered By: AreJay - 7/13/2010
Additional Answers (6)
because buying stimulates the economy. If you are stingy with your money the recession is just going to get worse.
Answered By: High Spoken - 7/13/2010
Because if we don't live our lives normally and buy a new car and expensive clothes, the terrorists win.
Answered By: drawkwa421 - 7/13/2010
Buying stimulates the economy, that's the answer any politician will give you. Truth is, people are stupid. the economy isn't some weird intangible thing, economics is the choices people make about their money. poor choices, poor economy. if one lives there life according to how the economy says they should then their... More
Answered By: T.J. - 7/13/2010
That's a great question. I think the main reason why is because most people think that the economy is getting better. And in my opinion, it isn't.
Answered By: Steve B - 7/13/2010
They have spent all of the money they earn now so that they don't have any money left. But they do have a big reason. People are in panic that we will face higher inflation sooner. Prices of goods today will be cheaper than tomorrow. The interest rate is approaching zero, and someone might be confused to raise it now... More
Answered By: Anjaree - 7/13/2010
Well many people are apt to spend to much money. But fact is, if everyone feared a recession was coming and reacted by refusing to spend any money, the result would be a self-fulfilling prophecy and the economy would collapse. So be glad someone else is spending.
Answered By: Spotty J - 7/13/2010
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