Spend not, help the economy not
Walk right in, shop right now
In an AP article on Breitbart.com entitled “The wealthy turn stealthy as economy weakens,” we see how the self-conscious rich are doing whatever they can to camouflage their shopping habits. Despite their ability to live the lifestyle they are accustomed to – even during the current recession – it is distressing to hear that some are cutting back their consumption simply because they wish not to offend. Your payday loan source finds this to be maddeningly disingenuous.
“The fashionista is now a recessionista,” says Burton M. Tansky, president and CEO of Neiman Marcus.
“Luxury shame” and “stealth wealth” is prompting high-end shoppers to dress down, hide their purchases in plain white paper bags, or have purchases shipped home so that they won’t have to deal with disapproving (or envious) looks. New York personal shopper/stylist Lucyann Barry reportedly had a $1,200 Gucci handbag delivered to a client as a gift so the client’s family wouldn’t scorn her for having bought it for herself. Such a convenient sense of discretion… it’s something no fax payday loans offer its clientele, by the way…
But some have slowed the spending
The AP reporter gives us the example of a successful entrepreneur who is spending only $400 on regular hotel rooms instead of $1,000 for a suite. What he says is telling of how little people in America – rich or poor – understand about the economy works:
A lot of us are downsizing not only because we have to, but because we think it is the right thing to do.
No! The right thing to do is to continue to spend and stimulate the economy. The money supply must remain fluid. The AP reporter understands; he writes that “there’s another way of thinking about it… money dished out on pricey dinners and clothes keeps people employed.”
Yet the misplaced sense of social decorum persists. “People want to look as though they are respectful that this is a recession,” says Barbara Lazaroff, Wolfgang Puck restaurants co-owner. Here’s what your payday loan source has to say to those with money: spend it! Buy a new jacket or 10. Go out for four-star meals every night and tip your server well. Or you could even devote more of your money to charitable causes than you ever have before.
Of course the economy relies on us taking out loans and/or making purchases. But if you really don’t have the money, you should definitely be saving any penny you can. Practicing smart spending habits and saving techniques is crucial especially during times like this. Now if you’re a big time celebrity or an all out entrepreneur, I guess you don’t really have to worry about it.
Those with the cash to blow should continue to do so. One of the things that helped to bring us out of previous recessions was when people were encouraged to spend on things, and did so. You can give all the bailout funds you want, but it won’t mean a tinkers’ cuss if consumers don’t consume. That isn’t to say that people should spend irresponsibly, or make any bad decisions. If you are hard up for money and have to rent to make, please don’t blow it at the mall, but those who can afford to splurge a little to do so. Starbucks may cost a lot for coffee, but if people still get their lattes once or twice a week it keeps another large firm afloat, which keeps people employed and the economy going.
Next time I buy a $1200 Gucci Bag I’ll be sure to take it home with pride.