I recently blogged about what happens when consumers can’t buy anymore and predicted trouble for the retail industry and retail finance, specifically mentioning GE Money. At the end of this week, announcements have been made about GE Money laying off staff in several countries around the world including Ireland, Australia, and New Zealand.
With the state of the economy,things are going to be tight for a lot of people this Christmas. According to the NZ Herald this morning, “The trend in supermarket and grocery sales have been declining since March , the longest trend since the series started in 1995.”
First of all I need to admit that I got it wrong. I thought that with petrol prices going up that we would be like frogs who get thrown in a pot of cold water, that we just put up with the rises, but the reduction of cars on the road in Auckland is clearly noticable.
Last year the newspapers were full of stories of domestic violence at Chistmas time and womens refuges were overflowing with people hiding from their partners or other family members. I suspect this year will be much worse. The retailers are suffering as are many sectors of the public, who won’t be able to spoil their families this Christmas. The pressure on low income families will be particularly bad, and as I have blogged before, the retailers have been giving delayed payments and interest free terms for so long that many people are in debt up to their eyeballs already.
There is also likely to be an increase in burglaries as those who can’t provide for their family or young people whose hopes for cool presents are dissapointed decide to help themselves to other people’s property. Most at risk will be people who leave their homes vacant while they head to their batches or camp grounds. I’d recommend they look at their home security and communicate their plans with their trusted neighbours.
Is there anything you can do to help? There will no doubt be many Christmas Charity events. Why not check out your neighbourhood and see if there is anywhere you can help. My brother in law alway made his children pick on of their brand new presents and take it to the City Mission. Auckland City Mission is already well organised in their campaign to help people have a better Christmas. Each person who gives something at Christmas is going to feel much happier than those who didn’t. The Auckland City Mission will be hosting a Christmas dinner for 1200 people and need gifts and support. They have a page were you can find drop off points where you can leave a gift. So when you are off doing your shopping, buy something extra and feel good about putting a smile on someone’s face. I will.