Expert Says Retail’s Problems Are More Than Just E-Commerce

The Huffington Post quoted Richard Green, director of the USC Lusk Center, about how income inequality and other factors are affecting retail.

Green, who spoke during USC’s Executive Forum Bay Area in San Francisco, said research has proven that if you give rich people a dollar, they will save it. If you give poor people a dollar, they will spend it. If you take a dollar away from middle-class people, they will spend 90 cents less.

Full article here