I recently read an article in the New York Times that highlights how Americans are changing their lives in this global recession. Rather than buying the latest gadget, clothing trend, or fashionable toy - Americans are spending the money they have on experiences. They are going to museums, picking up hobbies, spending time at low cost activities as a family. I'd say this is a healthy trend. A quote from the article says:
Psychologists have been saying for years that shared experiences like vacations lead to more long-term happiness than the latest bauble. And perhaps the change was inevitable — to be expected when a shopping-spree nation trades a glut of credit for layoffs and furloughs.
What are your thoughts on this reported trend? Is your family spending more time together doing stuff rather than buying stuff due to the recession?
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