As news around the world confirms the United States’ recession status, money is tighter than ever.

According to MSNBC, The National Bureau of Economic Research confirms that America has been in a recession since December 2007.

The grim status of the economy coupled with the impending holiday season is undoubtedly forcing shoppers to seek bargains, but consumers should think twice about blindly patronizing the industry giants.

One of the largest proprietors of low prices is Wal-Mart. The buzz about Wal-Mart is never-ending, as people flock to stores all over the nation and world to enjoy low prices.

Wal-Mart is known as the world’s largest retailer, and last month, even during economic tough times, reported a 10 percent increase in profits. An MSNBC report confirms that Wal-Mart profits rose to $3.14 billion as opposed to $2.86 billion in 2007.

Though the good deals may be helping families afford groceries and other amenities, Wal-Mart has an undeniable monopoly effect on the industry.

According to the 2006 Forbes Magazine article “Wal-Mart Takes Over the World,” Wal-Mart operates in 44 countries, has 2,276 stores outside the U.S. and does $56.3 billion in sales overseas. Also, Wal-Mart is predicted to top $500 billion by 2010.

Those kind of figures are staggering; one may almost be teary-eyed with Wal-Mart affection, as the entire world is saving money and living better. Yet, the reality of the situation is quite scary.

Some contend that Wal-Mart is trying to take over the world with its low prices and great deals, and many consumers are buying into the craze.

Last Friday, Wal-Mart shoppers shocked the world by trampling a Wal-Mart employee in a race for post-Thanksgiving deals. After the shoppers were told the location would be closed because of the death, shoppers became angry, showing no compassion for the man they just trampled.

This event makes it obvious that shoppers need to rethink their bargain-hunting priorities and possibly take a step back from the culture of consumerism.

The growth of the Wal-Mart giant around the country, and inevitably around the globe, foreshadows an Orwellian-type future where shoppers will do anything for a low price.

Consumers should step back and examine their shopping habits especially during the time of holiday bargains.