Consumers in a downturn: a new spending habit?
What will the current downturn might mean to consumers? Will their habits change in lasting ways? Could we return from the downturn to discover that consumers are a very different animal, that our economy runs on new principles. David Brooks wondered recently whether we might someday look like abstemious Amsterdam. There is a scarier prospect: that we might go the way of Japan.Here's a typology of possibilities.1. a mere quantitative change Consumers…… More »
