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

Assignment Examplewis Mandell, American consumers feel a great deal secured about their life after retirement because of Social Security, therefore, they believe that nothing bad can proceed to them (Gardner).3) Economic conditions are also contributing to the Americans cut way back on nest egg. For example, the high rate of unemployment and decline in average earnings of consumers during the previous few years on with the increase 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 cell phone, iPods, fast cars etc. Generally, when a person earns bonus, he is more likely to think how to slip by it rather than thinking about how much they can earn in future by savings and