photo by flickr

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.”