“there is an anti-bling thing going on”
“The process of bringing our wants and our needs into realignment,” says Merrill Lynch economist David Rosenberg, “is going to involve years of savings and frugality.” Or, to put more it more simply, “there is an anti-bling thing going on,” says Marian Salzman, chief marketing officer of Porter Novelli.
Party’s Over is the general theme of this article about how Americans are realizing that a reductionist lifestyle is easier and more fulfilling. Finally, I can confirm that I made the right decision staying a renter. Yes!
http://www.usnews.com/articles/business/economy/2008/08/08/the-end-of-credit-card-consumerism.html