Phrase of the Day: Frugality Fatigue
WSJ -- "Retailers' reports of robust November sales offered more evidence that the lackluster U.S. economy may finally be gaining momentum, despite stubbornly high unemployment. After several years of relative thrift, consumers may be parting with their money more willingly simply due to pent-up demand, something industry watchers are calling "frugality fatigue."
4 Comments:
Obviously these two gals were suffering from frugality fatigue...:-)
clothing sales up, other goods down...maybe their underwear is wearing thin after three years...
The Wall Street Journal got this exactly right. The upward blip in consumer purchases is most likely the result of people who had put off needed purchases and are buying them as holiday gifts.
Wife: "Thank you for the new vacuum cleaner, dear, the old one was spewing more dust than it picked up."
Husband: "You're welcome. Thanks for the new cordless drill. I'll need it for home repairs (since we can't afford to hire a contractor)."
That's what I've observed in recent weeks at WalMart and other department stores.
"That's what I've observed in recent weeks at WalMart and other department stores."
What's that, people being polite to each other in Walmart? How refreshing! :-)
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