It’s spring break time in our part of the world. All of my neighbors have school age children and, without exception, all of them are staying home the entire time this year and saving their money - a first for all of them - instead of flying off for a week of fun. While the loss of spending from these 16 families will certainly not matter a bit to Wall Street or Washington, I do feel it is more indicative of what people feel is going to happen to the economy than anything published by the so called experts.
We had a better year and were also underwithheld, so we owe taxes and our quarterlies are increased significantly. Health insurance is up dramatically. Gas and food, of course. We have to cut all discretionary spending, cut every cost as far as possible and are grateful for our preps because we are using them right now.
I expect a tax refund next year, since everyone is experiencing the same as we are, so business will decrease.
Glad we aren’t in the hospitality industry. I think they are going to have a down year.