The End of an Era: Frugality Replaces Conspicuous Consumption
Saving money is so in right now, as my blog co-writer Ylan pointed out on today's front page of The Washington Post.
With the era of conspicuous consumption now over, people are no longer trying to keep up with the Joneses. They are trying to fall far behind them, Ylan writes.
People are competing with each other to get the best grocery store coupons. Kids are taking vans instead of limos to the prom. And many moms and dads are making their own pizza rather than ordering it.
Gone are the days when we bragged about buying that new pair of shoes at Neiman Marcus. Now we're bragging about repairing that old pair of shoes we dug out of our closet. Click here to read this great story, then share your thoughts with us. What do you think about this change in the American psyche? Have you too embraced this new era of frugality?
June 5, 2009; 3:14 PM ET
Categories: Bargains , Nancy Trejos
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