« Continue Browsing

Article Preview

SPOOKY STOCKS: Consumers decide next moves as plunge on Wall Street continues

Published 08/09/2011, AP Business Writer

Americans struggling with lean wages, job insecurity and high gasoline prices have seen a 15-percent plunge in stock prices shrink their 401(k) accounts over the past 2½ weeks. When consumers feel less wealthy, they're less likely to buy new furniture, new appliances or new cars. And their spending drives about 70 percent of the economy.

Word count: 874

Log In

The full article is available to newspaper subscribers. If you are a subscriber please log in to continue reading.

E-mail:
Password:
 

Are you a newspaper subscriber but you don't have a Digital Access account yet? Click here to set one up. You will need your subscription account number and phone number.

Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Reset Your Password

Please enter your full e-mail address. We will e-mail you a temporary password.
E-mail: