More people entered the labor force, and not all were able to find jobs right away. Bad weather may have been a factor
Consumers like curation—stories that narrow the choices down to the best two or three
With yet another tweak to the health-care law, the Obama administration is heading off a popular Republican attack
Music executives are tapping services such as Shazam and Spotify to help predict tomorrow’s next big hits
In the five years since the most recent bottom, the stock market has very nearly tripled
Arunachalam Muruganantham, aka "Menstrual Man," designed simple devices that allow rural Indian women to make their own sanitary pads
The company's dubbing of storms with Greek and Latin names began in 2012 to help 'personalize' extreme weather
European MBA programs compete with top-tier U.S. schools for the best students at home and abroad
Organizations offer special training for senior entrepreneurs
By Arik Hesseldahl
Consumers are creatures of habit when it comes to cutting back during a downturn. Amid recessions in the past four decades, Americans have tended to reduce spending in the same areas, while continuing to seek value in comparable ways. For instance, they curtail high-end dining and vacations, but slake their thirst for cutting-edge technology that they believe saves money.
GfK Roper Consulting has studied these consumer buying habits through periodic surveys since 1973, and most recently in February. This BusinessWeek.com slide show highlights this survey information, underscoring the sometimes predictable ways we behave when the financial going gets tough.
Business Exchange related topics:
Recession Spending and Investing
U.S. Financial Crisis