“..The global financial crisis is inspiring a major shift in our financial values, and experts suggest it’s likely to continue.
A powerful, attitudinal change in consumer behaviour means boom-time consumption is giving way to the rise of frugality ..
.. as people concentrate on paying back debt and living a more measured lifestyle.
Almost all those polled in the latest Nielsen consumer confidence survey vowed to maintain prudent new habits even when economic conditions improve.
People are more concerned about community values and social connection ..
.. over the promotion of individual interests seen during the boom –
- and epitomised in celebrities like shallow, frivolous Paris Hilton, says KPMG demographer Bernard Salt.
“She’s a product that could only rise during the good times; she will not survive the downturn,” says Salt..”
go to source/story>>Old values for money – Business – NZ Herald News
