WILL OUR THRIFTINESS LAST??

Ellen Goodman asks will our thriftiness last as long as the recession lasts or will we continue spending more than we have been in the past when the recession ends? Some of the people, such as Black stones group Chairman Steve Schwarzman publicly regrets a three million dollar birthday bash, a perfume mogul cancels a party at the Four Seasons in favor of a White Castle hamburgers at home, on fox "Secret Millionaire" fox's latest, worst reality show repents a private plane joy ride that cost $12,000 in jet fuel. we can tell the recession is bad when the rich start saving money. Now competitive consumption is being replaced by anxiety...buying hit bottom with the housing collapse, the stock market plunge, and the credit card crunch and the unemployment figures.

The fact is that when a rational response to the worst economic crises since the Great Depression, but when it starts affecting people whose mortgages and jobs are secure something else is going on behind the background.

We as a family are spending less and less...because we have less and less. when you start regretting that you have to spend money to go to the grocery store something is wrong. i used to go to dinner with a friend of mine like once a week, her and i haven't done that in like 6 months. i miss doing that dinner "date" but after you figured in the gas and the food i didn't have enough to get home.

But a part of my family is spending more and more, they live on credit cards and have the debit piling up on there kitchen counter so to speak. They live daily from credit card to credit card....just now they are starting to straiting up and fly right. With both of them working two jobs they are starting to get it under control.