Crunch Creep
Forget the decline in mortgage loans, rising inflation and sliding consumer confidence, for the real impact of the credit crunch consider this: tupperware sales are up, takeaways down.
That's according to Sainsbury's - one of many organisations to draw a direct link between trends under its roof and the consternation in the wider financial world.
Almost a year after the financial markets started to witness a squeeze on the one commodity that for insiders had begun to assume mythical properties of inexhaustability - cash - hardly any aspect of life seems to have been left untouched by the growing tendrils of the downturn.
So, true to its name, the Monitor is launching a regular watch on unlikely, sometimes highly doubtful, reported effects of the credit crunch. And it's appealing for your help - if you see a trend, however small and seemingly insignificant, being hitched up to the credit crunch bandwagon, and frankly the whole set up strikes you as a bit odd, send it in using the COMMENTS button below this post, preferably with a URL linking to where you saw it.
Of course, the Crunch has given way to an array of gloomy financial conditions in recent months - but, maybe because of its alliterative appeal, the phrase "credit crunch" has morphed into a catch-all phrase for the financial slowdown. Among the more eyebrow-raising events recently laid at its door, are the following:
- Middle class children are becoming more withdrawn as their families struggle to cope with the financial squeeze (
- The obsession with celebrity is slowing as wealth exerts less fascination; fiddling work expenses is becoming "tacky"; divorce rates among the very wealthy are growing; English holidays and allotments are enjoying a surge in popularity ()
- More pets are being dumped ()
- Sales of lipstick and fake tan are up by more than a half on last year ()
- Wooden toys, teddy bears and spinning tops are putting on sales at Hamleys as people seek to buy "things that last longer" )
- Beer sales are down to levels last seen in the Great Depression ()
Comment number 1.
At 30th Jul 2008, C1_Backload wrote:A local shop is selling Pasta Making machines.... how much can you save by making your own?????
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Comment number 2.
At 30th Jul 2008, rogueslr wrote:Ofcom fines up at record levels.
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Comment number 3.
At 30th Jul 2008, vixmixrx wrote:I was looking for a motorbike and the owner of the shop tells me that sales of 125 bikes and mopeds are booming. He can hardly keep up with demand. More and more customers are telling him that they are getting rid of their "other car"
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Comment number 4.
At 30th Jul 2008, MRDubya79 wrote:I've seen a number of trends rise through observing my own behaviour, my family, friends, colleagues, and of course reading news. Such as...
#Growing your own vegetables.
#Keeping livestock, mainly chickens.
#Shopping at markets/stalls for other sundries and clothes.
#Taking lunch to work.
#Repairing personal items rahter than replacing.
#Performing your own car maintenance.
#Doing your own work on or around the house.
#Using Aucitions more be it local or electronic.
#Using alternative transport such as mopeds, bicycles or just walking.
#Moving onto Pay as Go contracts for various services.
#Changing Direct Debits to Standing Orders.
#Moonlighting or just changing jobs for greater pay.
The list is almost endless, and just about most of those I've done myself.
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Comment number 5.
At 30th Jul 2008, lerjulian wrote:To C1_Backload - i don't think you save any money making your own pasta. it's very labour intensive when done on a small scale .....
... but the taste is incredible - especially when you don't skimp on the egg yolks ;)
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Comment number 6.
At 30th Jul 2008, HannaH_S_1 wrote:On Aston Villa's VitalFootball forums the credit crunch is being blamed for Villa being useless at football!
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Comment number 7.
At 30th Jul 2008, AnalyticZeitgeist wrote:Almost related;
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Comment number 8.
At 30th Jul 2008, tcooked wrote:Purveyors of seed must be rubbing their hands with glee.
www.guardian.co.uk/lifeandstyle/2008/apr/22/foodanddrink.food
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Comment number 9.
At 30th Jul 2008, EngineeredSunshine wrote:More people going to the gym.....?
My gym has been packed in recent weeks. I know that I am going more because:
- I am committed to spending that money every month anyway, so I might as well use it
and
- Its cheaper (for the above reason) than going to the cinema to kill an evening or two during the week.
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Comment number 10.
At 30th Jul 2008, Alex Banks wrote:I can back up the daily mirror's comments re the beer. I work in the alcohol industry and it's appalling - 4 pubs a day are closing on average according to trade journals whilst our own company is experiencing drops even more than those citied by the Mirror.
It's not just the credit crunch though, the smoking ban, housing market, consumer spending and increases in beer prices (tax and also raw material price increase) have all combined to hit us hard.
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Comment number 11.
At 30th Jul 2008, Alex Banks wrote:Aldi's exploding across the world - - 172 in Australia opened in the past 10 years with a further 28 in the next 6 months is just one example - the Washington Post had an article about their prices in last Thursday's newspaper.
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Comment number 12.
At 30th Jul 2008, lordBeddGelert wrote:Are you sure you actually mean 'tupperware' ?
This is surely only sold by agents, and not by Sainsburys ??
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Comment number 13.
At 30th Jul 2008, clickem wrote:Spurious price rises blamed on the credit crunch are on the up.
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Comment number 14.
At 30th Jul 2008, Candace9839 wrote:Coupons are back in fashion. I was at first surprised to have people peering over my shoulder at the supermarket and at sporting goods stores. Now I ask if they want this or that one because I am not going to use it, and they are over the moon.
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Comment number 15.
At 30th Jul 2008, Candace9839 wrote:More people are working from home one day a week. Saves on gas and we are able to be there for house related repairs.
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Comment number 16.
At 30th Jul 2008, Candace9839 wrote:There are more bicycles on the road and more bicycle lanes are appearing in the city.
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Comment number 17.
At 30th Jul 2008, pinkfloydareace wrote:People are buying more kitchen/cooking items such as cake tins, mixing bowls, chopping boards, yoghurt makers, decent set of saucepans etc
I have never seen shops such as Lakeland and kitchenshops being so popular.
I have been to Wilkinsons and seen gaps in the cooking aisle.
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Comment number 18.
At 30th Jul 2008, pinkfloydareace wrote:Ten years ago, people chucked out kitchen equipment such as food processors, slow cookers, yoghurt makers etc
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Comment number 19.
At 30th Jul 2008, EnglishMsG wrote:Two signs of the times in Gainesville, Florida:
The local allotments are all taken and the city council is trying to find more land to use; and several restaurants have closed, citing rising food prices and fewer clients.
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Comment number 20.
At 30th Jul 2008, Australian Susan wrote:Starbucks in Australia are closing three quarters of their branches - people no longer want to spend too much on a pint of hot milk with flavouring
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Comment number 21.
At 31st Jul 2008, Bear in the Bull wrote:Save money the easy way:
Grow your own spaghetti - look - the ³ÉÈËÂÛ̳ tells you how ...
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Comment number 22.
At 31st Jul 2008, littleDickie wrote:Indeed grow our own...
But what about brown cows producing chocolate milk, and the egg touted as having crossed the road in company with a chicken would be which hue?
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Comment number 23.
At 31st Jul 2008, Mike wrote:Definately many more cars parked at the side of the road with 'For Sale' posted on them.
Not many seem to be selling. Also, plenty of them seem to be 4x4's
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Comment number 24.
At 31st Jul 2008, November-Juliet wrote:Jeremy Clarkon's review in the Sunday Times referred to the (non-festival related) rise in sales of tents and camping gear and decline in foreign holidays this summer.
Although I suppose this was tempered by the fact that the review was for a 4x4!
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Comment number 25.
At 31st Jul 2008, Bamber Boozler wrote:Definatley noticed more people making their own lunch for work (myself included), which I have noticed saves a fortune!! Stupid to have not done it before.
More people are riding their bikes for short journies to save on petrol costs.
People want to clean the car themselves, rather than pay some one or something to do it for them.
People buying 'value' products also.
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Comment number 26.
At 31st Jul 2008, clarcombe wrote:I have even seen newspapers reusing the same stories day in day out.
And its funny how more pop bands are now producing cover versions to save on ink and paper
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Comment number 27.
At 31st Jul 2008, rhyswynne wrote:An odd thing I've found out - a certain 4 fingered popular snack which is named build it yourself feline is now more expensive than the larger, chunkier 1 finger variety.
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Comment number 28.
At 31st Jul 2008, Amy S wrote:There are 91% more cyclists in London now than in 2000
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Comment number 29.
At 1st Aug 2008, John McCormick wrote:The government has also been doing its bit - good re-announcing of spending commitments and success stories; organic burial of bad news; not to mention doing away with all that paper-based democracy nonsense!
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Comment number 30.
At 3rd Aug 2008, dennisjunior1 wrote:That is not good, when tupperware sales are up and take-outs are down...
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Comment number 31.
At 4th Aug 2008, NorfolkAmy wrote:Lakeland are selling Soda Streams, a blast from the past!
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Comment number 32.
At 6th Aug 2008, The Therapist wrote:From ³ÉÈËÂÛ̳ News/Wales
Abandoned pets charity blames credit crunch
The credit crunch is resulting in hundreds of pets being made homeless, claims an animal charity.
Powys Animal Welfare Trust said the number of abandoned cats and dogs in its care had doubled to over 400 since 2006 and it was struggling to cope.
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Comment number 33.
At 6th Aug 2008, itsalldoomitellyou wrote:Hair loss, apparently....
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Comment number 34.
At 17th Jan 2009, U13781626 wrote:As an animal lover, I really pity the increasing amount of homeless animals.
lover.
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