http://www.newyorker.com/talk/financial/2009/10/12/091012ta_talk_surowiecki?
Read that. It's good.
But if you don't feel like reading it, it basically says that consumer spending is down. Go figure.
It also highlights that the two main areas that have seen decreases in spending are gasoline and cars.
But what else have you cut back on? Clothes? Eating out? Video games? Books? Please don't say books.
Have you cut back on anything?
Personally, I only go grocery shopping a couple times a month. I've taken to eating the canned goods and non-perishables that have been stocked up in my mother's kitchen for years. Fresh produce has unfortunately been cut out of my diet: it's just too expensive and a $2.50 avocado can't keep you full for very long.
And what will this mean for consumer culture? Are we going to become lifelong cheapskates like some of our elderly Depression-survivor relatives? Or will we simply go back to spending as much as we can?
Wednesday, October 28, 2009
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Why is that everyone preaches about eating healthy is so important but then the prices of junk food are so much lower than the prices on healthy food? It's kind of sad when you think about it.
ReplyDeleteI haven't cut back on anything yet. Maybe I should before I'm kicking my own ass when I'm completely broke.
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