This Is The Worst Economic Crisis Of Our Lifetimes. Yet 30% Of Americans Think The Economy Is Fine
Sep 04, 2020
The pandemic has caused the worst economic crisis in living memory. Yet Americans were more downbeat about the state of the economy during the Great Recession than they are now. A new study from the Pew Research Center says 69% of Americans think the current economic situation is bad, while 30% think it’s good. By comparison, only 17% thought the economy was in good shape in 2009, the worst year of the Great Recession. That’s striking, because by a lot of metrics, the current downturn is a lot worse than the years following the financial crisis: Far more jobs were lost, unemployment is higher, the economy contracted more sharply and the government is spending more. Read more at CNN Business.
I think our industry is unfortunately the worst. No reason to buy clothes & with all the issues we face it’s easy to understand.
We , as industry needs to tell people why it is important to dress. It makes a difference on many levels. Their self esteem, buying quality vs quantity keeping landfills emptier, & caring about presentation & respect for others.
It is hard work creating demand & changing “loungewear orama”…we can do it!