Reading this article in yesterday's
National Post got me thinking back to a few years ago. I was in a Kresge's store that was being remodelled, and in the corner was a sign referring to their lay-away plan. A parent was explaining to a child who was fixated on the currently-running "don't pay a cent for 2 years" promotion from a local furniture dealer. I realized how much our expectations had changed. Any other memories or thoughts jogged?
THE DEATH OF THRIFTJONATHAN CHEVREAU
National Post
10 May 2008
Old-fashioned thrift is in short supply in North America. Savings rates in Canada and the United States have been -1% since 2005, a phenomenon known as “dissaving.” You’d have to go back to the Great Depression to see lower savings rates: At its...
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