Key takeaways from The New York Times‘ deep-dive into contemporary consumer culture:
- The recession has caused a major shift in consumption patterns.
- People are saving more and spending less than they have in decades.
- Experts predict this trend will continue long-term.
- Retailers are offering greater “experiences” and complimentary services.
- People are happier when they invest in experiences over objects.
- Trying to keep up with the Joneses is a fool’s game.
- The longer you own an object, the more happiness it’s likely to give you.