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View Full Version : Frugality Fatigue Spurs Americans to Trade Up



bijou
04-13-2012, 12:37 PM
Americans are buying more expensive makeup and sandwiches again as Estee Lauder Cos. (EL) (http://www.bloomberg.com/quote/EL:US) and Dunkin’ Brands Group Inc. (DNKN) (http://www.bloomberg.com/quote/DNKN:US) get a boost from mid- to high-income customers.
“Frugality fatigue” is driving a rise in retail sales among consumers who’ve “grown tired of putting off discretionary purchases,” said Russell Price (http://topics.bloomberg.com/russell-price/), a senior economist at Ameriprise Financial Inc. (AMP) (http://www.bloomberg.com/quote/AMP:US) in Detroit (http://topics.bloomberg.com/detroit/). Recent gains, including a 6.5 percent (http://www.bloomberg.com/quote/RSTAYOY:IND) increase in February from a year earlier -- have been bolstered by improvements in consumer confidence (http://topics.bloomberg.com/consumer-confidence/) and the labor and stock markets, along with some stabilization in home prices (http://topics.bloomberg.com/home-prices/), he said....

http://www.bloomberg.com/news/2012-04-13/frugality-fatigue-spurs-americans-to-trade-up.html

linda22003
04-13-2012, 12:41 PM
Nothing's changed at our house. I never traded down to Avon from Chanel. Now, are they indulging their non-frugality with credit cards? That's really the question.

Odysseus
04-13-2012, 01:13 PM
I trim my own nose hair instead of having it sent out. Does that count? :evil-grin: