The Recession, Spending, and Consumer Spending

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.

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