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I see more and more people around me recognizing that time is more valuable than money. Private consumption in Europe is more or less stagnating [1]. [1] http

• Inthenameofmine 10y ago
  I would argue that is mostly because on the macro level the private sector is paying off their accumulated debt, hence less spending. That's pretty much the definition of a deflationary spiral. I don't think this shows any sort of cultural shift.
  • holri 10y ago
    The private debt in Germany for example today is lower then 1995. [1] The accumulation of debt stopped already in 2000. [1] http://ec.europa.eu/eurostat/web/products-datasets/-/tipspd20 http://ec.europa.eu/eurostat/web/products-datasets/-/tipspd2...
    • forgetsusername 10y ago
      >The accumulation of debt stopped already in 2000. Because Germany ran massive trade surpluses, while other Euro states took on debt to buy German goods. I don't see a cultural shift, either.
• segmondy 10y ago
  Is private consumption stagnating due to less people wanting to consume or due to less income? Another way to say that consumption is stagnating is to say that savings is going up. Is savings going up in Europe? From what I read a while back, this is not the case.
  • r_smart 10y ago
    >Is private consumption stagnating due to less people wanting to consume or due to less income? You (sort of) left out a factor: Slowing / arrested population growth.