In a Recession, Will People Gamble on the Future?
The economy may be showing signs of improvement but economists think that consumers will keep their newly-adopted thriftier habits for the long haul. This means that they’ll buy less, so that the economy won’t improve as quickly as it would have if everyone went back to their old ways. But will we be willing to give up on gambling?
Psychologist Michael McCall says, “Several months ago, we were in shock; nobody believed what was happening. So it was a stress-like reaction. Now people are spending less. People are tightening their belts and it is not clear exactly when they will stop tightening and start spending again.
read more