The Recession, Spending, and Consumer Spending
November 29, 2009 Leave a comment
I have had these thoughts before and Paco Underhill pulls it all together beautifully.
I think most importantly as consumers we are leaving credit and moving to cash and debit. Perfect. The problem is that the economy will reflect this as a downturn when in reality it will be an uptick in consumer responsibility. In the long run this will be beneficial for the economy. I decided awhile ago that a credit card was not essential. Debit gets you into all the same places and is more responsible financially.