"The new status symbol these days, trend watchers note, is owning (not leasing) a car that is more than three years old, which helps explain why the sale of certified pre-owned vehicles rose 1% last year while overall auto sales plunged 18%."
Read the entire article here: How the crisis is changing you!
Here are some more interesting tidbits:
- Americans are rejecting materialism
- Spending time with family is more important than ever
- Debt is out
- Bling is bad
- Trust no one
- Your job is your best asset
All in all, some pretty good thoughts and ideas. For many people, these notions have come about as a result of being downsized or losing some benefits once taken for granted. For others, these are practices than have been done for some time but not praised by the media. It's always a good idea to review your spending habits every now and then. Asking your self if it's a need or a want can help decide if you make that next purchase. Paying with cash in the bank versus credit can pay dividends in the future. I'm happy to know I've got status: my 2003 Dodge Durango is paid for! Just wish it got better gas mileage...
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