It’s been seven years since the 2007 Great Recession and Americas are still plagued by fears of losing it all in an instant. The good news from Consumer Reports is that, despite their fears, Americans are ready to shop again.
The vacations, home renovations, even divorces that seemed out of reach during the recession are now on the front burner; seven out of 10 people told Consumer Reports that they finally feel flush enough to make purchases and decisions they’ve put on hold for as long as five years
But years of worrying about where their next paycheck might come from has left consumers a little shell shocked. They’re ready to spend but most aren’t running out to buy a luxury car or a high-end vacation. Most consumers are being practical, spending on life’s necessities.