Consumer spending habits

May 2009

In this edition of Smith Business Close-Up with the University of Marylands Robert H. Smith School of Business, P.K. Kannan, associate professor of marketing and director for the Center of Excellence in Service, talks about the survey findings, which show that consumers are postponing purchases of big ticket items more than they are cutting back on or discontinuing services. Of those surveyed, 78 percent personally know someone who has lost a job in the last year, and 27 percent are convinced the economy is in a depression.

Category:

News & Politics

Tags:

• smith school
• business
• close-up
• university of maryland
• consumer
• spending
• habits
• recession
• survey