Well there are plenty of folks cutting back for fear of loosing their jobs or to pay down the debt they have racked up.
Alot of people, who are well off, have stopped spending altogether because of what they see on the news each night. These folks will end up throttling the economy and probably end up putting themselves out of work too.
If you need things, you should go out and buy them. Just be a smart shopper and don't waste money on things you don't really have a use for.
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