"The U.S. has finally slid into recession, according to the majority of economists in the latest Wall Street Journal economic-forecasting survey, a view that was reinforced by new data showing a sharp drop in retail sales last month"
- Retail sales are down
- High gasoline prices and credit crunch
- Payrolls are either growing slowly or shrinking
- Expecting unemployment rate rising
I know on my own part, I've reduced spending somewhat. I'm noticing food prices are increasing.
I'm watching my credit card debt too.