A New Zeitgeist?

Two articles in two very different publications popped up in my feed yesterday, but they both called a new “trend”: People are buying less stuff. The New York Times pegs this novel plan to budget for purchases as the result of the whole subprime crisis and massive credit card debts. BusinessWeek ties it to customers shopping “greener”, then to subprime fallout, then finally to how this new thriftiness could tank the economy just when the President and Congress want to urge consumer spending to get us through the recession we may or may not be in.

A subtext in each article also pointed to fewer people trying to consume conspicuously- sales of the mid-tier luxury goods are falling,  and people say they care less about the labels on their clothes. (On a side note, I found this article on why people consume things loudly in the first place pretty fascinating.)

So that’s a thing.  Are people really buying less?  Are we buying less because we’re more concerned about the effect of our consumption on the planet?  Or are we buying less because we’re more concerned about the effect of our consumption on our pockets?  Is our economy’s burp going to propel consumers down the path to more thoughtful spending on resources?  Will any of these “trends” last past the recession?

*In solemn news anchor tone* One thing is for sure: only time will tell.

0 Responses to “A New Zeitgeist?”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Email Me @

virescent.blog (at ) gmail.com

RSS Photo Albums

  • An error has occurred; the feed is probably down. Try again later.

Blog Stats

  • 47,824 hits

Unless otherwise indicated, all content and photos posted on this site are generated by me. This work is licensed under a Creative Commons Attribution-Share Alike 3.0 Unported License.

%d bloggers like this: