While the state of the economy is having a negative effect on most areas of the retail sector, more than a few industries are experiencing an uptick. Time examines recent trends in consumer spending, discovering that products and services that fulfill needs like escapism, inexpensive luxury and stress relief are reaping the most benefits.
Though it’s not exactly clear what methodology the magazine used to draw their conclusions, it’s interesting to note the contrast between purchases that reflect a desire for personal improvement – yoga classes, gardening supplies and mobile devices – versus those that seem to be indicative of temporary [...]
July 2, 2009
Recession Proof Spending
March 3, 2009
How Will We Spend Once the Economy Bounces Back?
Anthropologist and author Grant McCracken looks at the state of our economy and asks the question “What will the current downturn mean to consumers?” He then offers up various models to explain the possible lasting impacts this trip through the recession looking glass might have on our spending habits. While the prevailing theory seems to be that once the economy bounces back, we’ll all return to our previous patterns of purchasing, what if we don’t, what will things look like then?
As we’ve written about before, the brain’s response to the decision of whether or not to buy already functions much like [...]
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