An interesting Guardian article caught our attention in the 24/7 Moneybox office Andy Clarke, chief operating officer of Asda, says the recession has changed the way people shop across the month. “When they have just been paid, they buy steak. By the middle of the month, when money gets a bit short, they switch to mince.”
We thought it’s worth putting an extract in for your information:
Clarke says Asda started to sense that the economic winds were growing chillier last summer. “Ready meals are down 50%, but raw ingredients are up by a matching amount. There is a move away from premium brands to private labels, a decline in sales of still bottled water, but hair colourants are up 60% because women are having their hair done less often. Childrenswear is performing well because the last thing consumers will give up is new clothes for their kids.”
A few questions are raised here - what about those who can’t stretch their paycheque ’til their next pay date? What do they eat? Not if we can help it, online cash advances used responsibly can be the answer to immediate financial needs. We think finding the cash for food shopping is definitely an immediate financial need. Short-term loans from 24/7 Moneybox are a fast and easy way to get the payday cash advance you need, when you need it most.
