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med_cat: (winter)
med_cat: (winter)

Economic recovery leaving some behind this Christmas

med_cat: (winter)
Washington Post Staff Writer
Sunday, December 12, 2010; 12:12 AM

 

A new division is emerging in America between those who have moved on from the recession and those still caught in its grip.

This holiday season, those two worlds have been thrown into stark relief: At Tiffany's, executives report that sales of their most expensive merchandise have grown by double digits. At Wal-Mart, executives point to shoppers flooding the stores at midnight every two weeks to buy baby formula the minute their unemployment checks hit their accounts. Neiman Marcus brought back $1.5 million fantasy gifts in its annual Christmas Wish Book. Family Dollar is making more room on its shelves for staples like groceries, the one category its customers reliably shop.

www.washingtonpost.com/wp-dyn/content/article/2010/12/11/AR2010121102687.html

Comments

Dec. 15th, 2010 11:12 pm (UTC)
That sounds really sad. Reminds me USA in depression era that i have read about in history books.
med_cat: (Default)
Dec. 15th, 2010 11:14 pm (UTC)
Yeah, they've been calling this one "The Great Recession"...further in the article, a young lady who's a single mother is quoted as saying, "I couldn't begin to tell you how to fix the academic situation, but I know I need employment."

...
Dec. 16th, 2010 01:05 am (UTC)
Yes, this really does sum the current situation up. It's a study in stark contrasts this holiday season.
med_cat: (winter)
Dec. 16th, 2010 01:11 am (UTC)
Quite...
Dec. 16th, 2010 04:04 am (UTC)
The rich-poor divide is widening further and further. *trembles*
med_cat: (Default)
Dec. 16th, 2010 10:37 am (UTC)
So it appears...