postpass2 Comments on: Could frugality be bad for the economy? https://www.livingwellonless.com/2008/10/09/could-frugality-be-bad-for-the-economy/ Simply Frugal. Simply Healthy. Simply Happy. Fri, 10 Apr 2009 19:09:28 +0000 hourly 1 https://wordpress.org/?v=7.0.7 By: Wayne Silverman https://www.livingwellonless.com/2008/10/09/could-frugality-be-bad-for-the-economy/comment-page-1/#comment-289 Mon, 20 Oct 2008 04:23:21 +0000 http://livingwellforless.wordpress.com/?p=698#comment-289 What’s really been bothering me lately is that the selection at my favorite thrift store has gone down. Because times are tight people are slower to donate, but, more people shop at the thrift stores…so selection has really gone down.
I love thrift stores and have been shopping there for 20 years. I can often buy some really nice, name brand (Lauren, YSL, Brooks Bros., Orvis, etc…) for pennies on the dollar.
Now everyone wants to be ‘frugal’ and save money…When did they decide to jump on my wagon?
Fact is ( I have training in economics) the frugal lifestyle could crash the whole economy. Our economy was built around steady consumption, without it the whole thing will need to be re-tooled.
It’s kinda like global warming. Global warming is bad if you live in Florida, but it could be great if you live in Nova Scotia!
The world changes, markets change, people change, but saving a little more money is a good idea in any case.

]]>
By: This recession can ultimately be a good thing | Sense to Save https://www.livingwellonless.com/2008/10/09/could-frugality-be-bad-for-the-economy/comment-page-1/#comment-288 Wed, 15 Oct 2008 17:59:02 +0000 http://livingwellforless.wordpress.com/?p=698#comment-288 […] Could frugality be bad for the economy? and An argument for frugality in the face of hard economic times at Living Well on Less […]

]]>
By: An argument for frugality in the face of hard economic times « Living Well on Less https://www.livingwellonless.com/2008/10/09/could-frugality-be-bad-for-the-economy/comment-page-1/#comment-287 Sun, 12 Oct 2008 23:43:26 +0000 http://livingwellforless.wordpress.com/?p=698#comment-287 […] I’ve been mulling over the article I read in Seattle’s paper last week that suggested frugality might be bad for the economy. So I’m fascinated by this essay from last week’s Time that insists the opposite: Real […]

]]>