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Agreed. The US is primarily consumption driven economy. This could lead to behavioral conditioning that could affect future growth (e.g. depression era, silent
by velodrome 10y ago
Agreed. The US is primarily consumption driven economy. This could lead to behavioral conditioning that could affect future growth (e.g. depression era, silent generation).
https://blog.dol.gov/2016/11/03/spending-habits-generation https://blog.dol.gov/2016/11/03/spending-habits-generation
https://medium.com/generations-of-spending/meager-spending-and-the-silent-generation-9d71a696630#.98vv4byl4 https://medium.com/generations-of-spending/meager-spending-a...
Those of the silent generation are what can be most accurately described as frugal spendors.
Again, this tendency is rooted in their surroundings as they grew and developed within the society around them that was facing hard and desperate times.