Quote:
Originally Posted by AMGC63
I agree reckless spending with credit is stupid, always has been, always will, its not a new philosophy, you only buy what you can afford to repay quickly.
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Unfortunately that's pretty much what has propped up this country, especially retail.
Now people are 'smartening' up paying off their debts, keeping their plasma TV for longer, not buying a stainless fridge just because it looks cool and thinking twice about a PS3.
When the economy relies on 'sheep spending', then it will suffer the consequences of 'sheep saving'.