While I can see your point, I also understand why people are fearful. If you're in danger of losing your income, or think you might be, you're definitely going to cut back to try to preserve the income you do have. Plus the job market is tough out there right now. If a job is lost, it might be hard to get another.

Heck, I'm quite sure that my job is secure, and I still think twice before making a purchase.