Author Topic: There are 1.2 million missing retail workers because  (Read 27618 times)

buckworks

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Re: There are 1.2 million missing retail workers because
« Reply #45 on: March 23, 2017, 08:09:25 PM »
I'm at meetings in Winnipeg today ... provincial conference for Manitoba credit unions.

One of the speakers made this comment:

"Sears used to have the best catalog system in the world. Somehow they missed the chance to become Amazon."

rcjordan

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Re: There are 1.2 million missing retail workers because
« Reply #46 on: March 23, 2017, 08:10:44 PM »
>begin AGAIN hopefully having learned by our mistakes

You mean like this?

"U.S. consumers racked up $60.4 billion in credit card debt during the fourth quarter of 2016 represents serious cause for concern....

...Our dismal performance also comes on the heels of three equally foreboding financial feats, appearing to solidify an ominous trend. We set the post-2007 Q3 record last quarter, racking up $21.9 billion in new debt, right after adding a Q2-record $34.4 billion to our tab and recording the smallest Q1 pay-down ($27.5 billion) since 2008.

So it is not a question of whether consumers are weakening financially, but rather how long this trend toward pre-recession habits will last and just how bad it will get.

https://wallethub.com/edu/credit-card-debt-study/24400/

Mackin USA

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Re: There are 1.2 million missing retail workers because
« Reply #47 on: March 24, 2017, 11:34:18 AM »
The four most depressing reasons why Americans are not saving any money


What are the biggest reasons Americans aren’t saving more money? The No. 1 answer: 38% said they had too many expenses, some of which may not be under their control given that wages have remained stagnant in recent years. The next reason is absolutely under their control, however. Some 16.4% of the respondents simply said “they haven’t gotten around to it.” The third and fourth reasons? Just over 16% said they not having a good enough job and 13% said they were struggling under debt.

Of course, living within one’s means is an important part of saving: About two-thirds of American adults don’t write out a budget at all and the same percentage of consumers say they would have trouble coming up with an emergency $2,000, according to the New York Federal Reserve in a new survey released Monday.

http://www.marketwatch.com/story/americans-are-more-confident-in-their-savings-for-the-first-time-in-six-years-2017-03-21?siteid=yhoof2&yptr=yahoo
Mr. Mackin

rcjordan

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Re: There are 1.2 million missing retail workers because
« Reply #48 on: March 24, 2017, 02:37:26 PM »
I rest my case.


Mackin USA

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Re: There are 1.2 million missing retail workers because
« Reply #50 on: March 27, 2017, 01:07:05 PM »
A graph to Illustrate 
Mr. Mackin

Mackin USA

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Re: There are 1.2 million missing retail workers because
« Reply #51 on: March 27, 2017, 01:24:35 PM »
15 Big Losers From When Sears Eventually Dies

Stupid link below makes you click 13 times  >:(

1) Appliances
2) Clothing
Mr. Mackin

ergophobe

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Re: There are 1.2 million missing retail workers because
« Reply #52 on: March 27, 2017, 04:35:24 PM »
1) Appliances

Do people buy fewer appliances because they can't buy them at Sears? I don't sit around thinking, "Boy, I'd better buy that washer before the Oakhurst Sears goes out of business." Rather, as I drive to Fresno to go to Lowes, I think "Hmm... I wonder if I could have saved 40 minutes of driving and gone to that Sears in Oakhurst?"

rcjordan

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Re: There are 1.2 million missing retail workers because
« Reply #53 on: March 27, 2017, 05:03:15 PM »
I get your point re general appliances but -on items or features where there was discretion to have or upgrade- think they bought more when they absolutely, 100% trusted the Kenmore brand to last.  I bought Kenmore because it had proven to itself to me to be rock-solid.  Would I forego replacing a dishwasher? No. Would I be more likely to buy an unnecessary counter-top icemaker if old-stalwart Kenmore made one at a competitive price? Probably.

Similarly, I'm certain they did when buying tools under the Craftsman brand with the lifetime warranty.  (I did not buy Craftsman, as warranties don't mean jack to me -my time is too valuable to p##s away a half-day getting a tool replaced.)
« Last Edit: March 27, 2017, 05:08:02 PM by rcjordan »

littleman

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Re: There are 1.2 million missing retail workers because
« Reply #54 on: March 27, 2017, 05:12:15 PM »
>>does not compute
>I consider myself lucky to get out cash-positive.

I think that was what NFFC was probably referring to.  You did well for a very long time and sold when the conditions changed.


>living within one's means is an important part of saving

That could be very hard on the ego.

>Appliances

After buying four washing machines in the last 16 years I got tired of throwing money away and bought a 30 year old one off of Craigslist for $20.

Rupert

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Re: There are 1.2 million missing retail workers because
« Reply #55 on: March 27, 2017, 06:38:59 PM »
Quote
"U.S. consumers racked up $60.4 billion in credit card debt during the fourth quarter of 2016 represents serious cause for concern....

I think for some the reasoning goes like this:

"Well if I am up to my eyes in debt, and the future looks so gloomy, borrowing more is not going to make it worse.  If "they" take everything, then I might as well have a new car until they do".  And it might never happen.....

I am sure I see this mentality in the UK. And I see so many couples who each approach this differently.  The girls view always seems to win :)

... Make sure you live before you die.

Mackin USA

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Re: There are 1.2 million missing retail workers because
« Reply #56 on: March 28, 2017, 09:51:14 AM »
>> Maybe the top 1% are to blame, we need attack them, tax them, make them suffer.

Public HANGINGS
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buckworks

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Re: There are 1.2 million missing retail workers because
« Reply #57 on: March 28, 2017, 01:02:11 PM »
>> That could be very hard on the ego.

Many households would be in better shape if ego drove fewer spending decisions.

Make "impress other people" less of a reason to spend.

That, plus reining in our "finance everything" mentality.

rcjordan

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Re: There are 1.2 million missing retail workers because
« Reply #58 on: April 04, 2017, 11:36:15 PM »
>Payless

Filed.  To close 400 stores asap.
http://www.reuters.com/article/us-payless-bankruptcy-idUSKBN1762VF

Next in the slaughterhouse chute; Staples

http://www.reuters.com/article/us-staples-m-a-idUSKBN1761P6

Mackin USA

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Re: There are 1.2 million missing retail workers because
« Reply #59 on: April 07, 2017, 01:38:15 PM »
Another graph
Mr. Mackin