As someone who has lost their job as a result of this financial and economic crisis, I get very worried when I hear that people out there are spending less money or not spending any money at all. Now, I'm not a professor of economics but I wonder how we will ever get out of this mess if no one is spending any money.
I was joking around with someone not to long ago, saying that I am the wrong person to be unemployed at this time. If I had a job, I would definitely be spending money. Maybe not as much as usual, but I would be out there, supporting the retailers. Unfortunately, I cannot do this which is why I am issuing this Retail Challenge to all of you. For those of you who are employed, I challenge you to go out and spend $100 a month in retail stores, in restaurants, at the movies, anywhere you choose. If half of the Canadian population* spent $100 every month, that would generate $1 660 634 800 into the Canadian economy. If $100 is too much, spend $50 or whatever you can afford. Anything is better than nothing.
As for myself, I pledge to spend $1000 in retail stores when I get a job again. True to my blog, I will do my best to spend most of it in unique, independent retailers. And I will document my purchases and the stores here on my blog. I look forward to the day when that becomes a reality.
Until then, go forth and shop. Let me know what you are spending your money on. I would be happy to share your stories as future blog posts.
*Source of Canadian Population: CIA-The World Factbook-Canada
Canadian Population July 2008-33,212,696