May 5th, 2009Despite Recession, Americans Still Have It Good
“I’ve been in retail for 30 years, it’s been hard,” said business owner Lisa Satterfield.
But she sees opportunity, even in a recession. Recently Lisa and her business partner moved their Siam Secrets store from a kiosk at the Cherry Creek Mall into a store.
The mall these days is at 100 percent occupancy again. Hardly sounds like a recession.
“There’s a lot of us that are paying our bills making our mortgage payments doing what we’re supposed to be doing,” said a woman shopping in the mall.
I know, I know, there’s another side to this story and it’s heartbreaking. People are getting laid off and can’t find jobs. People are losing homes. People are without health care and proper food.
But you hear that other side every day with the grim economic news that keeps pouring out like boiling oil over a castle wall. We thought we’d look at how bad we have it compared to the past.
Professor Mark Perry studies the American economy at the University of Michigan-Flint. Not exactly a city in its glory days with the decline of the auto industry.
He was stunned recently to see so many people at the mall in his area.
“It was so crowded I couldn’t believe it, it was like a Christmas season … the parking lot was full of cars, the food court was full of people. People were in line to buy movie tickets, people were shopping at all the stores,” said Perry.
He said America as the richest country in the world has lost track of just how good, on average, we have it.
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