According to this CNBC article, the economic crisis has caused some behavioral issues in those affected by the recent downturn. And they’re calling it “survival panic.”
Panic because they can’t buy their $300 purses and expensive gadgets? IMHO, these are the people who truly need the reality check they’ve been given. Sure, we all love to have nice things, but spending needs to be within our means. Don’t get me wrong, I understand some of these people who had no problem with their spending have been forced to cut costs because they lost their jobs and have mortgages and other bills that need to be paid. I’m talking about the crazy people who love to shop.
But the scariest part of the article was this line:
In the coming months, mental health experts expect a rise in theft, depression, drug use, anxiety and even violence as consumers confront a harsh new reality and must live within diminished means.”
Wonderful. Watch out for shoplifters!
I suppose since we tend not to spend too much money in general, we won’t feel as much of the pinch, especially if something unexpected happens.
