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Article: Three months after the crash: New Yorkers are cutting back.
- Article from:
- PR Newswire
- Article date:
- January 11, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THREE MONTHS AFTER THE CRASH: NEW YORKERS ARE CUTTING BACK
NEW YORK, Jan. 10 /PRNewswire/ -- Buffeted by Wall Street layoffs, declining real estate prices and talk of an impending recession, New Yorkers are pulling their purse strings even tighter, three months after the stock market crash, according to results of a special survey commissioned by and appearing in the current Crain's New York Business.
This erosion in confidence in New York comes as consumers across the nation recover from the jolt of Black Monday.
The survey uncovered New Yorkers' broad and deepening skepticism about efforts by government and business leaders to prevent ...