Terrible economy affecting your tech spending?
- April 26th, 2008
- 4 Comments
Consumer confidence recently hit a 26-year low, with the Reuters/University of Michigan index currently at 62.6. Consumer expectations for six months from now (October) is even worse at 53.3. In other words, lots of Americans will now be a little more choosey where and what they spend they money on.
How has your tech/gadget addiction been affected by the terrible economy? Holding off on big purchases, like TVs or computers?
I’ve read here and there that technology is “recession-proof,” which just smacks of stupidity. Like, if I only have enough money to buy food and fuel for this month, why would I bother grabbing, I don’t, a PS3 bundle? (That bundle looks really nice, by the way.)
I don’t know, it’s the weekend and just wanted some feedback on this, seeing as though “WE’RE ALL DOOMED” is the only thing talked about on the news these days.
Waste not, want not.
via Drudge Report
Big John (Who am I?)
4 months ago
Dropped $330 on a cellular repeater & $130 on a second slingbox last week… also got a new hard drive to upgrade my MBP
Mike - Forex Training (Who am I?)
4 months ago
Only a little! My recent purchases: iPhone, Dell Inspiron, and a Radial JPC direct box.
However, I didn’t buy the Dell UltraSharp 24″ monitor I want.
plin (Who am I?)
4 months ago
Man, people really are doing well. I just spend it all on food and gas
theartdude (Who am I?)
4 months ago
I think we’re going the opposite direction: Still buying the same amount of high-tech goodies as before, start to save money on food, gas, travels, and clothing. Last year, we used to eat out everyday, for about 5-6 days a week. Now we spend about $80 on grocerry, and $60 on food (going out twice a week). Cutting down on live concerts, cutting down on long-dis. trips. cutting down on travels… We used to spend about $200 on gas, but now we’re carpooling to work, and biking on weekends, cutting the gas down to just $75 a month. But for hightech toys, we still like to depend on those during the boring weekends when we have to save money. Last month, I got 2TB NAS, GT5 game & Dualshock3, NVIDIA 9800GX2, next month, I’m going to get two folding bikes, 2 helmet cameras, and a HD camcorder.