recession

Jason Falls

There’s an interesting article in the April 27 issue of Time Magazine about how the current worldwide economic woes are effecting Americans. The report, which is a combination of essays and survey statistics of U.S. spending habits and attitudes toward the economy, is not, however, just a, “woe is us,” statement of how the recession is causing a collective tightening of our purse strings. The piece seems to indicate the recession may just change the way we spend for years to come — a cultural shift if you will — that will prevail beyond the current world money problems.

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