Tuesday, March 2, 2010

Less junk mail: Good for you, bad for economy

Less junk mail: Good for you, bad for economy

http://money.cnn.com/2009/08/13/news/economy/junk_mail/index.htm?postversion=2009081813

The volume of junk mail, or direct mail, is getting smaller. But this may not be a good sign. Less junk mails mean there are less companies wanting to sell you their services--which reflects the problem in our economy. The credit card industry and the mortgage industry both slowed down in mailing out direct mails. Others, like charities and politicians, have also decreased the volume of the direct mail since consumers no longer have the funds to make contributions.
The overall decline in direct mails also pained the US Postal Service, which is already in billions of dollars in debt.
One reason for the decline in the direct mails, besides the economy, may be the increase in the use of the internet.
Surely we are glad that we are receiving less junk mails, but if it is an indicator of the downturn economy, I don't think I'll be as happy.

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