Assignment Example | Topics and Well Written Essays - 250 words - 26

Assignment Examplewis Mandell, American consumers feel much secured closely their life after retirement because of Social Security, therefore, they believe that nothing bad can happen to them (Gardner).3) Economic conditions are also contributing to the Americans cut way back on savings. For example, the high rate of unemployment and decline in average authorizeings of consumers during the previous few years along with the change magnitude in housing, education and healthcare costs have increased the financial stress on Americans, thereby, making it difficult to fulfill their basic needs.4) Consumers are getting more materialistic and they do not consider the difference between need and want and it is evident from the fact that they want to have latest cellphone phone, iPods, fast cars etc. Generally, when a person earns bonus, he is more likely to think how to spend it rather than thinking about how much they can earn in future by savings and