Large County Traverse, Michigan (WPBN / WGTU) – Uncertainty is rarely a good thing in the business world. We have seen his impact on Wall Street and now he is felt on Main Street.
The latest data suggests that current trade policies and the release of Washington prices have a lot of consumers who change their spending habits, and this has an impact on small businesses in northern Michigan.
“Visitors are still coming, it’s crossing City, they will come, but they spend more carefully,” said Karen Roome, owner of a City Traverse company. “They reserve shorter stays, they dine less and are more selective with their purchases.”
Roofe has my secret reserve and two other small businesses in the city center of City. She says she sees a trend with residents and visitors.
Toome says she is not alone.
“I speak to so many of our colleagues business owners and managers and employees in the city center. Customers simply do not make purchases because they are paranoid or frightened or aware that they will lose their jobs or that their costs will become so high that they cannot afford to have fun,” said Taofe.
This is how Karen found himself testifying to Lansing during a hearing of the Senate’s supervisory committee, where managers hoped to hear those on the front line on real economic uncertainty.
“Data has been published from the University of Michigan which show that consumers’ feeling has recently plunged into the second lower level since the early 1950s,” said senator Sam Singh (D-East Lansing)
Michiganders feel uncertain and reduce their expenses.
“We had to reduce marketing, limit staff and rethink our way of working every day,” said Toome.
Look at the complete audience of the Senate surveillance Committee below: