Here’s the scenario: People lose their jobs and health insurance. They don’t have money to pay for gym memberships. They’re depressed, and eat more than they should. The net result is what’s been called “recession obesity.”
After Little League baseball sponsors disappeared, communities are getting creative with ways to bring costs down and make sure every kid who wants to play can play.
Apparently, some members of the Amish community in Indiana have been living beyond their means, buying second homes in Florida, splurging on fancy horses, and pimping out their carriages with velvet and LED lighting.
With few exceptions, people are spending less nowadays. But there are exceptions to the spend-less rule. So what sorts of things are we actually spending more on of late?
So who actually is hiring? New grads might look at the Container Store, Target, UPS, and Starbucks, according to Kiplingers. It’s not Wall Street money, but it’s something.
“The end of Disney World”—the way one psychologist describes the recession’s impact on younger people—very well may teach kids some good lessons.
Sure, people are changing how they consume. But we’re talking about marginal changes made by privileged people.
After the recession, the trends to expect include frugality, higher taxes, and volatility. Sounds like a hoot.
Or maybe these are signs of the apocalypse. I’m not sure. Unemployed horses! Bankers invading the CIA! Nickel is a hot investment! Mayhem!
Prepare to be nostalgically transplanted to a time when your wallet was empty, your stomach was rumbling, and your cooking skills were nil.
Am I the only one surprised that at a time when foreclosures are everywhere, when we can’t come up with the money to provide all of our citizens with health care, the pet business is booming?
