Quote:
Originally Posted by Corral
The day of reckoning is here. This will change spending habits for a generation.
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In the grand scheme, even if this last until summer or even fall, once it passes, people will go back to old spending habits, since it's relatively a short period of time still. People will still want to travel and still spend on food and entertainment; especially after being deprived from it for some time.
If this was prolonged for year or more though? It may resonate enough to really change people's spending habit, and have a stronger frugal mentality since they've become accustomed to adjusting.
I don't think this event is gonna alter people's spending habits much, or at all. At least as it appears to be panning out currently.