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April 20, 2009

Poll: The recession and your spending habits

People's ideas about saving and spending deeply affect the way they live, including if and when to buy a home and what sort of home it should be. With that in mind, I'm wondering how -- if at all -- the recession is changing the way you save and spend. Do you think this moment in history, like the Great Depression, will permanently alter the way today's teens and adults think about money? Or is it a speed bump?

That's part of the debate in Andrea Walker's story today about consumers cutting back.

Join the debate! Weigh in on this poll:

The order of answers is randomized, in case you were wondering.

Posted by Jamie Smith Hopkins at 10:10 AM | | Comments (3)
Categories: Polls


Interesting. It may be nice to think that people would be 'transformed' by the current economic climate, but I think the only people who ever learn from situations are the ones who endure real trauma because of it. Let's hope for all of our sake that this IS just one of the speed bumps for most consumers.

I weighed in as one of the frugals in the post up above btw.

Hate to sound abusive, but if is takes severe trauma to get people to learn, then I hope it comes at them full force. I am also a frugal saver who has not been trhilled with the 1% return on my savings.

Strength of domestic economy will sustain the external challenges. A nation should maintain confidence so that economy will remain afloat.

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
Baltimore Sun articles by Jamie

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