Consumism | Steadfast Finances

26 October 2009

The Great Unwind: Frugality, DeLeveraging, & Ethics Altering the Post-Crisis Consumer

Consumer Education, Financial Crisis, Frugal Living, Public Awareness

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A fascinating talk on how 72% of the American Gross Domestic Product — consumers — are changing their spending behavior, relying on old school frugality tips to save more money, and deleveraging (e.g. saying goodbye to credit) to reduce their liability and financial risk. Mr. Gerzema compiles an enormous amount …

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For legality reasons, it should be mentioned that I am in no way to be considered a financial professional in any capacity. I do not hold any certifications or degrees within the financial field. I’m just a guy writing about personal finance, investing, or other money saving tips that I think the money conscious crowd might find helpful. You should never take any information on this blog (or any other blog) as financial advice unless that is their stated goal.

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