The 2008–2010 recession will be looked back upon as the "too much stuff" recession. Thrift will continue to be cool and will continue to feel good. When the value of your house drops dramatically, when you or someone you know loses a job, when you are caught with too much debt and economic conditions remain uncertain, caution and restraint will linger long after the recovery has begun. Debt will remain a four-letter word, something to either avoid outright, or at least be kept under control.
Many people all around the country have told me that staying at home more has increased their happiness because they are spending more time with friends and loved ones. This has reintroduced us to what is important in life. In the decade leading up to the just-ending recession, many of us got caught up in using our homes as ATM machines and feeling comfortable purchasing with credit cards. No longer! The "too much stuff" recession has changed that.
Have you cut back on spending? Are you saving more? Have you gotten rid of a lot of stuff recently? Are you happy with less stuff? Do you want to go back to accumulating more stuff? Please share your thoughts and join in the conversation here. I would love to hear from you.
David Houle is an award-winning futurist and strategist who has launched successful brands and is an in-demand speaker about the future. He writes the popular futurist blog Evolution Shift and lives his life slightly ahead of the curve.
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