I may be topping off a glass that’s not even half-full. But buried in this dreary personal wealth story are some—okay, a few—signs that Americans are learning fast during this disastrous downturn. Can compulsive spenders change their ways? Maybe they already are. Check out the good news numbers, then the bad news numbers.
The Good News!
The Bad News : (
Now here’s the conundrum: If we DON’T spend, the economy may not turn around, and these losses may linger or get worse. If we DO spend, we may stop being thrifty and start ourselves back on a cycle toward another crash.
Guess that’s why sage souls know to do everything in moderation. (Including moderation.)