Sunday, January 22, 2012

Are people really stressed out by their finances?

This is one of the most fundamental questions that perplex me whenever I go out for shopping (which I rarely do) but this Christmas I had the chance to go out to buy some stuff for some friends and the line on the checkout counters and rush in the shopping malls really surprised me. Although I know that the economy is on the mend but the way the people flocked during this Christmas and so much rush that you have to really stand in line to pay your stuff is really confusing. On the one hand, people and economists are saying that people don’t have the money and they are mired in debt and houses are underwater (meaning they owe more on the mortgage than the house is worth) and jobs are scarce and on the other hand I see long lines of people buying stuff which really makes me feel like if we are really financially stressed out or is it that the news makes it seem like so.

I mean when you go to the mall, they are full with people who apparently have enough money to indulge in shopping or eating outside and they don’t seem from any sign that they are financially stressed out about their finances. This mystery has not been addressed that if there is really a disconnect with what the economists see and what the actual person is doing financially. I have seen sports stadium and the prices of the seats are not cheap either and you see them full with sports fans. How are they getting money to pay for this luxury and are they really going into debt or just had some stash of cash in their house to spend when they felt the time is right to spend. Anyway I am really scratching my head on this one subject.

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