Boomers, Inflation, Cold Fish
No time to comment at the moment…but here are some scraps that caught my eye:
“Baby boomers are now making the most money they ever have and are the demographic group most likely to visit a fine-dining restaurant at any given time, according to New American Diner data. Older and younger groups may cut back or choose lower-cost options, but baby boomers still will eat at fine restaurants — although they may pick
ones closer to home because of the increase in gas prices.” Restaurants & Institutions
<http://r.smartbrief.com/resp/jDdIcWwScsiEiXCiaKrldvtH?format=standard>
http://seattletimes.nwsource.com/html/businesstechnology/2004150613_luxsqueeze29.html
NEW YORK — It’s hard to feel sorry for well-heeled shoppers whose idea of tough economic times is passing on $1,000 Burberry raincoats or that $300 limo ride while the working poor skimp on vegetables and take the bus.
But economists say recent signs of the affluent cutting back could hurt the economy and deliver even more pain to lower-income workers, who are dependent on their business and fat tips.
Economy Nearly Stalled in 4th Quarter and Suffers Worst Year Since 2002
http://biz.yahoo.com/ap/080130/economy.html?.v=4
Japanese restaurants invited to win approval of the sushi squad
http://www.timesonline.co.uk/tol/life_and_style/food_and_drink/article3273506.ece
