“New Frugality” May Be Enduring Feature of Post-Recession Economy
March 6, 2010 by
Filed under private dining new york
“New Frugality” May Be Enduring Feature of Post-Recession Economy
A “new frugality,” born of The Great Recession and evidenced by two consecutive years of declining per capita consumption, is now becoming entrenched consumer behavior that is reshaping consumption patterns in ways that will persist even as the economy rebounds, according to a new survey of 2,000 U.S. consumers from Booz & Co.
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