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If people are afraid of losing their jobs, they are unlikely to make major purchases.
You can't make major purchases alone, or spend money on things the other person considers excesses.
Some developers envision the eventual use of cell phones to make major purchases and transfer cash from bank accounts.
Still, unemployment continued to rise and concerns about job security is weighing on consumers' willingness to make major purchases.
A furniture store whose target customers tend to make major purchases in the spring may send its mailings at the beginning of this season.
Dutch consumer confidence reached a record low in August as consumers grew more reluctant to make major purchases, the government statistics bureau said.
Similar(39)
Gendered roles mean that men do not spend much time in the house; however they often make major purchasing decisions for the household as a result of traditional gender power divisions.
So it makes sense to save those items for future use when making major purchases that may be covered.
By contrast, low rates were a boon to spenders and to borrowers making major purchases like homes and cars.
The weak economy and tight credit standards remain the main culprits preventing young people just establishing themselves from making major purchases.
The slowdown reflects a broader retreat by consumers from making major purchases in an uncertain economic environment, economists and industry executives said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com