July 23, 2010

Economic Gap Wide in USA

[From article]
"That's evidence that a gulf between the rich and the poor continues to widen, with the former mostly insulated from the economic headwinds that hamper the latter, says Craig Johnson, founder of the Customer Growth Partners, a Connecticut-based retail consultant.

"The high-end consumer is back this year, and it's mainly a question of psychology," Johnson says. "If they're not spending, it's because they're simply not in the mood."

http://www.nypost.com/p/news/business/the_great_divide_Q5DRSMTOU56GQngWGDkMKI

The great divide

Luxury is flush while Main Street remains flat

Last Updated: 4:48 AM, July 22, 2010

Posted: 1:01 AM, July 21, 2010

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