You would be surprised…I work for a local city, and while we revised our taxable sales downward six months ago, things are holding steady. Almost everyone thought we’d have to lower expectations a second time, which would’ve been real bad news. But for the most part, whether they’re putting it on credit or not, people are spending. Those sectors taking a hit: furniture stores and auto dealerships. Those doing well: big box retailers (mostly) and grocery stores.
And that Costco in Temecula, just go there at 5:30 after work and see how many are lining up for gas.
