The end of rampant consumerism

Posted in :

stlplace
Reading Time: < 1 minute

(Update May 2020) I found from this website, it seems the US consumer saving rate went up a bit in last 5 years, from 6%, 8% to most recent 13% . I can understand the last part due to pandemic. In fact our restaurant eat out (to go, take out) shrunk a lot. My wife is stocking up groceries and cooking much more.

(Original Feb 2009) From Yahoo Tech-ticker.

I am sure car companies don’t like this, so as the jewery makers, Nieman Marcus, Saks 5th Ave. etc etc.

The most interesing point I heard from this clip is American consumers recently shift from overspent 6% (negative saving rate of 6%) to a saving rate of 3%.

,

Related Posts

  • How to change the headlight bulb for Toyota Sienna 2012
    November 19, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">< 1</span> <span class="rt-label rt-postfix">minute</span></span> This is the replacement light bulb at Amazon: last purchased Sep 14, 2022 (replace one about 2 years ago; replace another one this evening). One driver flashed me yesterday evening. And this evening a neighbor told me one of the light for my minivan is out 🙂 Took me a while to find the other

    Read More
  • PTSD for Veterans and First Responders
    November 19, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">< 1</span> <span class="rt-label rt-postfix">minute</span></span> Yesterday afternoon, I attended the visitation of a former colleague. Although my boss and colleague didn’t say explicitly, it’s quite apparent to me, that the former colleague took his own life. This is the charity the family suggest donation in lieu of flowers. I googled “PTSD for veterans”, and this resource website by va.gov pops

    Read More
  • My thoughts on #RFKJr nomination of the department of HHS
    November 14, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">3</span> <span class="rt-label rt-postfix">minutes</span></span> My thoughts on #RFKJr nomination of the department of HHS. First I would say nobody or very few people would know him if not for his last name and family connections. He is a #VaccineDenier which may have negative impact on the health of the babies, the toddlers, the younger kids in the US. I

    Read More
  • Drove for Uber the 1st time – 我在美国开优步
    October 14, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">4</span> <span class="rt-label rt-postfix">minutes</span></span> 中文简体读者：这里有一个谷歌翻译的版本，可能不是最新的版本，但大意差不多。 Yesterday (Sunday) afternoon I drove for Uber the first time, after I thought and talked about it for a bit. Note I still have the day job – this is mostly to supplement my income, and also gain some experience/have some fun. I also wrote a Twitter/X thread here. A few things to do

    Read More
%d bloggers like this: