There's no question that consumer spending has slowed down a bit. But that doesn't mean you--or your neighbors--have stopped shopping. Indeed, discretionary spending is alive and well. Yet what we're spending that extra income on today is vastly different than what we were buying a year ago.
In Portland, Ore., educational toys top the list of must-haves. Baltimore residents can't get enough kitchenware. And in Los Angeles, the beautiful people are obsessed with--surprise!--vitamins and supplements.
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So I am curious, is there something that you have given up over the last year because of the economy?
Almost everything. I used to be one of those,"Its only $1" or "That's a good deal" people. Now, I only buy essentials and make do without a lot of things. I even quit buying paper towels! Now we just use regular towels. I take my children to the park and the library for entertainment instead of the pricey restaurants we used to enjoy. But mostly we make do with what we have. Ironically, its been much nicer staying home instead of driving all over town with two children in tow.
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