Death of the American consumer
August 30, 2010 Edited by Brahm Canzer
Filed under Part 1 Business in a Global Environment
Description: Fortune’s Andy Serwer says consumers can no longer be counted on to stimulate the economy.
Source: CNNMoney.com – video report
Date: 08/27/2010
Link: http://money.cnn.com/video/fortune/2010/08/27/f_sl_us_consumer_dead.fortune/
Questions for discussion:
- Summarize the reasons given for the slow economic recovery?
- Why is the spending power of American consumers so important for both American and global economic recovery to take place?
- What reason is given for being optimistic that the economy will improve?
- Why would a “job” program help the recovery?
- Which businesses do you think will be the first to hire more people back?
- Which businesses are likely to be slow to hire people?
- What more do you think can be done to help economic recovery?
