Wachovia Online Banking Check Balances Crisis Causing New Trend in Consumer Spending

U.S. economic crisis and the personal safety fears, the driving force behind the recent increase in sales of many consumer items, one of the most surprising of household safes.





Security retailers and manufacturers are reporting a dramatic increase in sales since the beginning of the beginning of the economic crisis and rising again as a sales market continued to dip.





Some manufacturers have reported up to 50% increase in sales over this period last year. Whatever the state of the economy and the negative impact on spending in general, there are several markets that have seen an increase in sales.





Increasing demand for products such as home safes, home electronics and firearms, seems to be directly linked to the economic crisis. The Consumer Electronic Association has predicted that sales of electronics will increase, despite the decline in consumer allover costs.





The CEA believes that people will pay for home entertainment such as video games and television instead of a lot of money on dining and entertainment. Guns are another product that analysts are watching. Historically, the sale of weapons rises during economic hardship. This is usually attributed to people fears of civil unrest and high crime rates.





However, the increase in household safes May unique in this particular economic crisis. Government takeover of Fannie Mae and Freddie Mac, and the sale of financial heavyweights such as Merrill Lynch, Wachovia and Washington Mutual appear to consumers in fear for their own savings and investments more than in previous periods of economic downturn.





Authority Safes Sales Manager Janel sharp spoke with several expressed their concern for customers' business and personal security. "We had many new customers say they just wanted something where they can store their important documents, money and jewelry, and even gold in. They just want a sense of security that their properties are of vital importance in the immediate and safe, "she said.





It seems that the trend in the market as consumers feel the blow to their sense of financial security that comes from the collapse of financial institutions.





According to the sharp, since the beginning of the economic recession began sales have gone in some areas, such as bigger and stronger safes. "There is already an increase of people higher safes, more than 500 pounds, safes, and protection against fire and burglary ratings," she said.





Do not know when and how will the economy, there is no way to know what the other economy based on consumer trends will appear. Until then, it seems that the consumer will continue to purchase items that their sense of safety and help them ride out the crisis.
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