Economic Crisis Fuels Sales of Home Safes

Lack of Security From Financial Crisis Spikes Demand for Household Safes

Canyon Country, CA (PRWEB) November 11, 2008 -- The economic crisis and personal security fears appear to be the driving force behind a recent surge in the sales of household safes. Safe retailers and manufacturers reported a dramatic increase in sales with the start of the economic crisis and continued to see greater spikes as the market continued to dive. Some manufacturers have reported up to a 50% increase in sales over this time last year.

Despite the state of the economy and the negative effect on spending in general, increases in demand for products like household safes, home electronics and firearms appear to be directly linked to the economic crisis.

Online safe retailer AuthoritySafes.com has noticed a significant increase in sales since the start of the financial crisis. Sales Manager Janel Crisp has spoken with many customers expressing their concern for the economy and personal security.

"We've had a lot of new customers saying they want to be able to store their important papers, cash and jewelry, sometimes even gold. They just want that sense of security that their vital possessions are nearby and safe," she said.

The government seizure of Fannie Mae and Freddie Mac, as well as the sale of financial heavyweights such as Merrill Lynch, Wachovia and Washington Mutual, have consumers fearing for their personal savings and investments more so than in previous economic downturns.

According to Crisp, these concerns appear to have affected the sale of larger and stronger safes the most. "Some people just want that basic sense of security and an average home safe will do it for them, but there has been an increase in people asking for larger safes over 500 pounds in addition to safes with burglary and fire protection ratings," she said.

For more information about safes or safe information, please visit http://www.authoritysafes.com or call us at 1-866-285-4365.

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