What’s killing off retailing?

A middle-aged woman from a middle-class suburb sits among a group of people and is asked why she isn’t spending money at the shops.
She pauses, thinks, and in her lengthy answer touches upon a hotch-potch of real and imagined worries that make the action to reach for her purse feel almost impossible.
Then she mentions the ”US fiscal cliff”; asked to explain what the fiscal cliff actually is, she is unable to define it but blames it for her lack of spending anyway.  Sydney Morning Herald – Read more…