For those of us who worry that unconstrained spending on meaningless luxury items might not, after all, be the best route to happiness, this is a distinctly positive development. (Hat tip Lynne Kiesling)
One newly reformed spendthrift noted that the current economic climate is
“a time to stay home, spend time with friends and connect.”
Exactly. Of course, this might well have been a more useful way for people to occupy themselves the first place.