Sure, I took a few economics courses in college. And yeah, I skimmed that one pop-culture econ book a few years back.
But my budget page is currently a dicey Excel spreadsheet (though soon to change--thanks, b-f-f!). And as a certain person has discovered, I may get the bills paid on time, but I'm not exactly fiscally informed per se.
And so, while I am quite aware that there has been a global economic crisis as of late--and that as a result, the word financial immediately conjures up grim, dismal, worry, and zero--I would be the last to know how the Dow looks today or the latest bailout proposal in Congress.
I just watched a refreshing TED talk that responds this crisis in a whole new way and asserts that maybe such doom and gloom is not the end of the story.
According to the speaker, post-crisis consumerism has been full of exciting and positive trends that can offer us hope in this time of great anxiety.
What on earth can be good about anything financial today? Take a look at his four basic observations regarding post-crisis consumerism:
He explains these rules in-depth but a few nuggets I found particularly inspiring:
- 68% of Americans now have a library card
- People now pay with debit (money you have) more than credit (money you don't have)=living within their means
- Conservative personal spending is considered trendy; luxurious spending, distasteful
- DIY projects and products are both on the rise as well as the reuse of existing resources
- People are now concerned with sustainable living
- The rise in expectation for fiscal transparency and corporate ethics and accountability
- Cooperative consumerism abounds i.e. finding ways to connect one's pocketbook to one's community (he cites examples of communities publicly publishing each person's use of energy and how the use has now dropped dramatically)
- The rise in support for local products and services
But if it has led us to embrace such spending philosophies, well, then I guess there is some silver lining, after all.
Learn more by watching the talk in its entirety here.