I live in a wealthy town so people's spending hasn't changed much around my area. However the city of Syracuse has become under massive money shortages in every area that's essential. The most hurt is School Budget with big cuts in programs, but my area actually agreed to a tax hike so we are receiving more money for school computers, books, newer programs. Sucks for the city.
My dad is a stock broker and he's getting new clients every other day or so. Many people just want to buy stocks while they are low. So the market is coming back around slowly, more realistically
I do agree that this is the level where we were supposed to be, however with the technology boom, it just let to overconfident/over priced stocks that weren't in check reality price wise.
Hell, Target in my area just built two brand new stores complete with pharmacies. Between the two stores they hired about 200 at each. I was one of the lucky few who got to pick my job however!
Brooklyn, Queens, Manhattan, Staten, Uptown, what now? Lets make it happen.