Quote:
Originally Posted by glgene
With the [Un]Affordable Care Act now in place -- including higher monthly health insurance premiums for millions of individuals/families, along with higher deductibles -- it would seem to me that consumer discretionary spending will be negatively impacted.
That won't be kind to that segment of Mr. Market. We'll see (maybe I'm wrong).
Gene
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I think you're right, Gene. I was in a local, large department store the day after Christmas about 10:00 AM and was amazed by the very few people in the store. You could go to any counter for checkout and returns area was empty. I mentioned the lack of people in the store to the clerk when I checked out my small purchase and she said the staff have all been warned about cuts in hours in anticipation of sales plummeting this year due to ACA. They're seeing it already and it isn't from internet shopping. Interesting, eh?