Auction Power Guide

I wanted to ask specifically about spending (with regards to the current crisis), because I sometimes like to sell things online on the side, and nobody has really bought anything in the last few months.

Is it just me, or have there actually been studies/statistics recently showing that the crisis is actually scaring people away from purchasing things they don’t really need, such as consumer electronics and designer clothing and things?

I mean, has there been a drastic drop in sales in the last few months for retailers and sites like eBay and Amazon? I wouldn’t be surprised if it were true, considering the problems with unemployment, the stock market, rising prices, and most importantly, CREDIT. Seems like all of these things would adversely affect the consumer’s likeliness right now to purchase things they don’t need.

If so, I’m scared to think how long it may take for people to get back their "spending confidence."

There has been a decline in spending.

Much of our spending is financed by debt; hopefully this crisis teaches people to be more frugal.