Last week’s GNN Poll asked readers if recent government taxes, fees, programs and decisions are threatening the long-term viability of businesses, including golf?
The response was very one-sided, with 86 per cent saying yes and 14 per cent saying no, but let’s look at what your customers and members are facing these days with dwindling disposable income.
Like employers, they’ll have to pay for enhanced CPP. They’ll also feel the pinch of carbon taxes, while in Ontario, they’re still paying sky-high hydro bills, even if there was an effort recently to lower bills.
And let’s not forget the price of buying a home. In Ontario, they’ve just introduced an extensive plan to cool off a runaway housing market that has seen the price of an average home in the Greater Toronto Area jump by 33 per cent in the past year.
You can read more on that in this story from CBC.
In Vancouver, a housing market that appeared to be cooling off suddenly appears ready to make a comeback, according to this story from the Globe and Mail.
Of course, the state of the housing market depends on where you’re located, but there’s little doubt that some or all of the above-mentioned factors, not to mention unemployment, are chipping away at their disposable income, which makes for some tough decisions on how household dollars are spent.
Is dwindling disposable income an issue where you’re located and will it affect golf spending at the business where you work?
That’s the question in this week’s GNN Poll.
You can vote below or on the GNN home page and, as always, feel free to expand your thoughts in the Comments section below.
Will less disposable income force consumers to cut down on their golf spends this year at the business where you work?
- To a certain extent. (60%)
- In a big way. (34%)
- Not at all. (6%)