Monday, October 27, 2008
The American Consumer: RIP
Back when the family business was exponentially better than it is today (that would be the 90s) my parents never seriously thought to invest in anything......no stockmarket, no corporate property, etc. They just wanted a house and a business that was paid off and so we were big pimpin in the malls all day. We were also dining out as a family twice in a typical week. First I'd have arguments with my dad because he only wanted to go to Shoney's or Denny's.
Not only were the cash flow and credit cards (was given one at 16) in abundance, but prices just weren't what they are now. In high school I never imagined a pair of $200 designer jeans. Yea we did go through that Doc Martens phase but those ugly shoes lasted you years. In fact, my 3 pairs are still in existence; my mom whose famous for throwing everything away is holding on tight to those.
We just don't live like that nowadays.
So where would be a good place economically on the globe to move to?