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| Author: | McNamee, M. Melcher, R. |
| Title: | Message from the mall |
| Journal: | Business Week
1997 : MAR 24, VOL. 3503:833, p. 28-29 |
| Index terms: | USA ECONOMICS BUYING |
| Language: | eng |
| Abstract: | Many consumers are tapped out, but the upscale borrow on. Home sales are booming - and so are bankruptcies. Dealers are besieged with demand for 36-inch TVs decked out with stereo VCRs and satellite dishes, but used-car lenders are running out of gas. The mail brings 401(k) statements brimming with paper profits to high-income Zip Codes and dunning notices from credit-card issuers to poor ones. Welcome to the schizoid credit market of 1997, where your forecast for consumer spending depends on which end of the income scale you study. |
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