Chad's things

Where it was once ok to go out and buy whatever you wanted, today there is a growing sense of peer pressure to not buy anything. In many cases, this is simply due to necessity. With hundreds of thousands of people out of work and businesses either declaring bankruptcy or shutting down entirely, budgets have to be cut and spending naturally goes down.

But for those with steady jobs and disposable incomes, there is an increasing trend NOT to spend money. People are saving their money at rates that haven’t been seen in decades. The U.S. could possibly reverse the recent trend in personal savings (we currently save a ‘negative’ amount, meaning on average, we spend more than we make).