I read in a news article that more and more Americans view tech gadgets a luxury especially during the global recession. More people are stingy with the money that they have. When they do purchase technology, they want that thing to last long. Before the crisis, a lot of people bought what’s been released today. But now, there is more thinking of the future and holding the money.
Americans are starting to ignore what they want, and business-minded people are starting to provide what they need. The market is gearing towards items that count. It would nice to have a new HDTV, but they’d rather stick with their four year old set.
Many of us look at it as a bad thing. Tons of people look at the crisis as a threat. Think! During hard times, this is when we should get creative. This is the opportunity to just work it out and go for anything. Trends are leaning towards recycling, repairing, and reusing. This makes repair shops and refurbish centers busy this season. I find it amusing that although more difficult, new, small businesses find their way through the cracks.
Indeed, these are different times. It seems like yesterday that we just entered the information age where all sorts of new technology were released. What use are they now, when people stop acknowledging them? Is the financial crunch just a hiccup or the start of a new culture of selling and spending? There is no telling which is true but we are soon to find out. In the meantime, entrepreneurs are doing what they can to move forward, everyone is.
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