Has there been a sea change in consumption?

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Originally Posted by PhysicianMD

Due to the changing financial situation, do you think that there has been a change in the mindset of young professionals to save and invest rather than spend? Do you think that this may be related to the high cost of education and living?

There was just as tudy realsed that generally people are delevraging ans saving more. That study alos showed savings is up with even people i their twenties. Not surpisig as it happens everytime as people elarn the lesson of hardtimes striking.The Chinese have never really started to spoend rembering and not trusting that they won't come again.

[pie_row]

Originally Posted by PhysicianMD

Due to the changing financial situation, do you think that there has been a change in the mindset of young professionals to save and invest rather than spend? Do you think that this may be related to the high cost of education and living?

Change in mindset? Yes, “I'm glad I got a job.” That is what they are thinking.

Originally Posted by gwynedd1

Yes people are investing in their education to learn how to make things that we consume... whoops....wait that can't be right because my wingnut propaganda says....

Honestly I'd say that the trend has been more towards hopelessness and nihilism especially since the surplus product of their education is going more and more to the finance sector in the form of yet more debt service to yet another banking ponzi scheme. .

And you can't get out of student loans.