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Consumer Confidence Levels Fall in the US Due to Recession

Is Your Gadget-Buying Suffering Because of the Economy?

Debbie Downer, here! No, but seriously folks, consumer confidence levels have fallen to their lowest point as the US weathers a recession.

It's a scary and lean time for everyone, and of course, people are being more protective of how they're spending money, so it's obvious that electronics are going to take a hit.

As much as I say they are a necessity, let's be honest, new TVs and cell phones are not essentials (at least until things look up again). I know I'm in a shopping freeze, which includes gadgets, and I'll probably feel this way this Christmas too, unfortunately.

Are you also holding off on buying electronics for now — for yourself and for the holidays?


djkatscan djkatscan 8 years
I am cutting back on all spending including electronics.
EvilDorkGirl EvilDorkGirl 8 years
How bitter indeed! I'm sorry that it appeared that I was condescending, certainly not my intent. I do feel very lucky & blessed, but I work very hard and totally deserve the job security that I have earned. Trust me, I know the broke life very well, and am just now (as in the past 6 months) able to buy some fun stuff for myself, like an iPhone and a DS. I refuse to feel bad about how I spend my money just because other people can't. Before you criticize my point of view, you should consider that I'm throwing money into a pretty troubled economy. I'm pitching in on the retail front by buying gadgets & games. I'm looking at buying a home when everybody else is foreclosing, and instead of socking my money away under my mattress I have it in the stock market and banks. I understand that life is hard when money is tight, but it's not my fault, and I shouldn't be penalized or treated poorly because I'm not going through the same thing right when you are.
ilanac13 ilanac13 8 years
i said no - but based on the phrasing of the answer, i felt that it's necessary to clarify. i have to say that the state of the economy isn't affecting my GADGET shopping habits, but that i am cutting back on lots and lots of other stuff.
gemsera gemsera 8 years
EvilDorkGirl: When you get down from your ivory tower how about NOT insulting those of us NOT as fortunate as yourself and your husband.
devils devils 8 years
No, my spending has slowed down because I spent all my money this summer XD
EvilDorkGirl EvilDorkGirl 8 years
While it seems like everybody else in this country is having a hard time making ends meet, my husband & I have both been very blessed. In fact, we've been spending MORE money in the past 6 months on frivolous purchases than ever. Man some of you sound seriously bitter about (not) buying gadgets though...
tinabeana tinabeana 8 years
I'm not buying anything I don't have to. Honestly, the biggest purchase I've made lately was to replace outdated food in our disaster preparedness kit. The second biggest was a new laptop battery. I refuse to buy the latest new THING anymore. I stopped doing that when I bought the iPod mini only to have them release the nano a few weeks later. I'm tired of the latest and greatest being outdated in a few months. I just don't have the money to keep up anymore.
hanako66 hanako66 8 years
I just got a smokin deal on a new tv....I think that the current state of the economy makes for great deals to be had if you can swing it.
gemini7827 gemini7827 8 years
Yes. You have to set needs over wants and be realistic.
Mesayme Mesayme 8 years
I can't get past how MUCH each item costs! I have 3 kids and they all want their own of the same thing...I refuse to spend $600 on ipods and then invest in iTunes for the songs. It's so awful for a single parent in this economy. It's one thing for a single person with no children to treat themselves but they market to teenagers. I have no affection for electronic gadgets but my exhusband's genes being an electrical engineer is instilled in my kids and they want ALL of it...of course he won't buy it except for himself so they watch him play with his latest toys. It's a pain in the ass for me. Even if I had all the money in the world I don't want to spend it on all that stuff. The prices are extortion.
ChicBookFiend ChicBookFiend 8 years
I bought a lot of gadgets early this year and last thing I bought was an iPhone two months ago. I will definitely be wise and watch my spending from now on.
refinedharmony refinedharmony 8 years
I've definitely been holding off on buying the love of my life, the iPhone (or now possibly the G1). I'm graduating college in December and as such will be immediately taken off my parent's income, which is both a blessing and a tragedy in disguise. Typically I have enough money to buy large purchases that are in the $300 range as long as I don't buy them often.. maybe once or twice a year.. but the iPhone has a lot of "hidden" costs to get all the features I want. Plus, I'll need a new phone number in the area I will be living in, so I don't want to jump to buy it too quickly.
kcwebgirl kcwebgirl 8 years
i always plan for my big purchases so i'm not changing my habits because of the economy. i'm still on target for things i want. i should be good this christmas. of course, i'm not planning to make any major gadget purchases anyway.
gemsera gemsera 8 years
So Geek, how the times have changed! A few months ago, you were INSISTING that we MUST HAVE this or that gadget. You were almost making it "COOL" to be a spender. You were definitely implying that it was fashionable to have every little thing you posted. I havent bought technology in over a year, and the stuff I did buy last year I sold it when I moved O/S. I (like many others) just DONT have the money to waste. No wonder geek has been slow. Nothing to write about if we cant afford $50 or $100 laptop bags (3 a day) or brand new Apple products?
kitkatherine kitkatherine 8 years
Nope ^_^ I just bought a new laptop in August. My and my boyfriend's Christmas/Birthday gift was a really nice 46" HDtv, and I have also bought other small things like computer mice (both my boyfriend and I recently picked up two nice Logitechs that were above $50), nice headphones, and some large flash drives. I can't help it! I love clothing and stuff - but I choose to buy cheaper clothing (Forever 21, Target) and because I don't buy A LOT and when I do buy, it's cheap, I can still afford the electronics. Or, in the case of the TV, someone else gave it to us.
rachelspark rachelspark 8 years
The only thing I've spent money on lately is clothes. Mostly new sweaters. I might as well be warm for the next few months. My gadget purchases have really declined. I'm holding off on buying new headphones, a wacom tablet, an iphone (after my verizon contract runs out) and games for my DS. I'm a sad little geek.
RockAndRepublic RockAndRepublic 8 years
I have a digital camera and i have a Sansa. I can't say i need much of anything else right now except a laptop.
wickedcupofjoe wickedcupofjoe 8 years
I'm in between. I'm not buying big ticket items but I'm not holding off on cheaper ones -- ones that are needed anyway.
chicobo chicobo 8 years
Definitely waiting. My phone contract is up in a few months, I'll wait until then to make any decisions. Other than that, I think I'm good on all things electronically.
lovely2190 lovely2190 8 years
well i have a couple of reason on holding off to buy new gadgets. One is def. the economy and the second is that i am a broke college student hahaha :). However i was able to get a macbook in august so right now that is fulfilling my gadget loving needs :)
margokhal margokhal 8 years
I only wish I could buy electronics like I wanted to...but yes, I have to hold off buying most things b/c I just don't have the money. :(
nals33 nals33 8 years
Yes, I am definitely holding off on buying gadgets and almost everything else that isn't essential. I did have to get a new laptop in August (I ended up getting a MacBook &I looooove it! lol It's definitely better than my HP laptop) and I'd been saving up since early summer to get a new phone (ended up getting an iPhone, which I love too! lol). Both were necessary purchases as both of the old items were out of commission... Thank goodness financial aid covered the bulk of the MacBook price tag. But like Punk Glam Queen, I wont be making any major electronic purchases til sometime next year (hopefully).
OhFish OhFish 8 years
We usually don't spend a lot on electronics throughout the year (though we drool over them a lot). However, we have set aside a chunk of money for holiday shopping that includes a new tv for one brother and other gadgets.
Punk-Glam-Queen Punk-Glam-Queen 8 years
I usually buy electronics on a "as-needed" basis and thankfully I've got everything I need. I had to purchase a new MacBook early last month, as well as an iPhone in August (both were necessary purchases) and it doesn't look like we need anything else for the foreseeable future. There isn't anything I'm completely lusting after so fingers crossed nothing goes haywire and needs replacing as we are completely crazed with birthdays and holidays from now until the end of the year!
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