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	<title>Comments on: Consumers Cut Back, but Have They Changed Their Ways?</title>
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	<link>http://www.pimpyourfinances.com/2009/01/consumers-cut-back-but-have-they-changed-their-ways/</link>
	<description>investing in your future, one day at a time</description>
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		<title>By: Hair Salons St Louis</title>
		<link>http://www.pimpyourfinances.com/2009/01/consumers-cut-back-but-have-they-changed-their-ways/comment-page-1/#comment-1076</link>
		<dc:creator>Hair Salons St Louis</dc:creator>
		<pubDate>Fri, 21 Oct 2011 20:23:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.pimpyourfinances.com/?p=1180#comment-1076</guid>
		<description>&lt;strong&gt;Hair Salon St. Louis...&lt;/strong&gt;

Excellent thread, I saw this really great thread today and I wanted to link to it. Thanks again for taking the time to post....</description>
		<content:encoded><![CDATA[<p><strong>Hair Salon St. Louis&#8230;</strong></p>
<p>Excellent thread, I saw this really great thread today and I wanted to link to it. Thanks again for taking the time to post&#8230;.</p>
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		<title>By: Frank Polenose</title>
		<link>http://www.pimpyourfinances.com/2009/01/consumers-cut-back-but-have-they-changed-their-ways/comment-page-1/#comment-899</link>
		<dc:creator>Frank Polenose</dc:creator>
		<pubDate>Tue, 05 Jan 2010 14:44:04 +0000</pubDate>
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		<description>I truely don&#039;t believe much has changed and we now have a cultural problem in this country.&lt;br&gt;Frank @ &lt;a href=&quot;http://www.debthelpquick.co.uk&quot; rel=&quot;nofollow&quot;&gt;Debt Consolidation&lt;/a&gt; / &lt;a href=&quot;http://www.debthelpquick.co.uk&quot; rel=&quot;nofollow&quot;&gt;Debt Help&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>I truely don&#39;t believe much has changed and we now have a cultural problem in this country.<br />Frank @ <a href="http://www.debthelpquick.co.uk" rel="nofollow">Debt Consolidation</a> / <a href="http://www.debthelpquick.co.uk" rel="nofollow">Debt Help</a></p>
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		<title>By: Chase Saunders</title>
		<link>http://www.pimpyourfinances.com/2009/01/consumers-cut-back-but-have-they-changed-their-ways/comment-page-1/#comment-154</link>
		<dc:creator>Chase Saunders</dc:creator>
		<pubDate>Sun, 01 Feb 2009 17:12:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.pimpyourfinances.com/?p=1180#comment-154</guid>
		<description>Fair enough, and thanks.</description>
		<content:encoded><![CDATA[<p>Fair enough, and thanks.</p>
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		<title>By: The David</title>
		<link>http://www.pimpyourfinances.com/2009/01/consumers-cut-back-but-have-they-changed-their-ways/comment-page-1/#comment-151</link>
		<dc:creator>The David</dc:creator>
		<pubDate>Sun, 01 Feb 2009 15:49:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.pimpyourfinances.com/?p=1180#comment-151</guid>
		<description>Very interesting points.&lt;br&gt;&lt;br&gt;I agree with you that if we can make changes that don&#039;t impact our lifestyle, those are the best kind to make because they&#039;re painless and more likely to be permanent.&lt;br&gt;&lt;br&gt;And I do agree that people are making changes if they are spending less, but that doesn&#039;t indicate a change in lifestyle or a permanent change.&lt;br&gt;&lt;br&gt;As a lifestyle example, what if people are still spending wrecklessly on credit cards, but they&#039;re spending less now?  That wouldn&#039;t indicate a sustainable lifestyle change.&lt;br&gt;&lt;br&gt;And I&#039;ll grant that many people will find a way to become more efficient and make the changes stick, but the majority will just go back to their ways when everything is said and done.&lt;br&gt;&lt;br&gt;Thanks for the thoughtful comment!</description>
		<content:encoded><![CDATA[<p>Very interesting points.</p>
<p>I agree with you that if we can make changes that don&#39;t impact our lifestyle, those are the best kind to make because they&#39;re painless and more likely to be permanent.</p>
<p>And I do agree that people are making changes if they are spending less, but that doesn&#39;t indicate a change in lifestyle or a permanent change.</p>
<p>As a lifestyle example, what if people are still spending wrecklessly on credit cards, but they&#39;re spending less now?  That wouldn&#39;t indicate a sustainable lifestyle change.</p>
<p>And I&#39;ll grant that many people will find a way to become more efficient and make the changes stick, but the majority will just go back to their ways when everything is said and done.</p>
<p>Thanks for the thoughtful comment!</p>
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		<title>By: Chase Saunders</title>
		<link>http://www.pimpyourfinances.com/2009/01/consumers-cut-back-but-have-they-changed-their-ways/comment-page-1/#comment-149</link>
		<dc:creator>Chase Saunders</dc:creator>
		<pubDate>Sat, 31 Jan 2009 15:51:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.pimpyourfinances.com/?p=1180#comment-149</guid>
		<description>A counterpoint, starting with a correction to DivorcedDatFrugalDad&#039;s comments.  Sure fuel consumption has increased since prices came down.  But there has clearly been demand destruction that outlasted the high prices.  Consumption did not rise even close to what would be predicted by price alone.  Demand has finally gone back to former levels, but only after several months of low demand, despite some of the lowest real prices in history!  This shows that people really are looking ahead uneasily and changing behaviors.&lt;br&gt;&lt;br&gt;The other point I want to make is that by and large, when people do find a way to perform the same buying activities while spending less, they are finding real efficiencies and real money is being saved.  You can&#039;t dismiss these changes because they are important.  If a bar manages to draw a large crowd at happy hour for example, they are able to operate more efficiently - for example, they can keep a skeleton crew outside the rush hour.  &lt;br&gt;&lt;br&gt;There are two categories of changes that will be needed to face upcoming challenges.  The first, and best, kind of changes are those that allow us to maintain a semblance of our previous lifestyle at greater efficiencies.  As I see it these are the most important changes as they are easier to make, have less of a downside, and preserve out standard of living.   The other kind of changes may still be necessary, but we should do everything we can to streamline before we turn to those.  Instead of looking gloomily at the fact that people are making win-win changes maybe you should get excited about it!</description>
		<content:encoded><![CDATA[<p>A counterpoint, starting with a correction to DivorcedDatFrugalDad&#39;s comments.  Sure fuel consumption has increased since prices came down.  But there has clearly been demand destruction that outlasted the high prices.  Consumption did not rise even close to what would be predicted by price alone.  Demand has finally gone back to former levels, but only after several months of low demand, despite some of the lowest real prices in history!  This shows that people really are looking ahead uneasily and changing behaviors.</p>
<p>The other point I want to make is that by and large, when people do find a way to perform the same buying activities while spending less, they are finding real efficiencies and real money is being saved.  You can&#39;t dismiss these changes because they are important.  If a bar manages to draw a large crowd at happy hour for example, they are able to operate more efficiently &#8211; for example, they can keep a skeleton crew outside the rush hour.  </p>
<p>There are two categories of changes that will be needed to face upcoming challenges.  The first, and best, kind of changes are those that allow us to maintain a semblance of our previous lifestyle at greater efficiencies.  As I see it these are the most important changes as they are easier to make, have less of a downside, and preserve out standard of living.   The other kind of changes may still be necessary, but we should do everything we can to streamline before we turn to those.  Instead of looking gloomily at the fact that people are making win-win changes maybe you should get excited about it!</p>
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		<title>By: The David</title>
		<link>http://www.pimpyourfinances.com/2009/01/consumers-cut-back-but-have-they-changed-their-ways/comment-page-1/#comment-146</link>
		<dc:creator>The David</dc:creator>
		<pubDate>Fri, 30 Jan 2009 12:42:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.pimpyourfinances.com/?p=1180#comment-146</guid>
		<description>Thanks!&lt;br&gt;&lt;br&gt;I know what you mean... I just don&#039;t have faith that millions of people have the discipline and patience required to make the changes last.&lt;br&gt;&lt;br&gt;I wish it was a permanent change, as I think it would be better for the economy (and everyone), but unfortunately that&#039;s just not the case.</description>
		<content:encoded><![CDATA[<p>Thanks!</p>
<p>I know what you mean&#8230; I just don&#39;t have faith that millions of people have the discipline and patience required to make the changes last.</p>
<p>I wish it was a permanent change, as I think it would be better for the economy (and everyone), but unfortunately that&#39;s just not the case.</p>
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		<title>By: The David</title>
		<link>http://www.pimpyourfinances.com/2009/01/consumers-cut-back-but-have-they-changed-their-ways/comment-page-1/#comment-145</link>
		<dc:creator>The David</dc:creator>
		<pubDate>Fri, 30 Jan 2009 12:38:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.pimpyourfinances.com/?p=1180#comment-145</guid>
		<description>Thanks.&lt;br&gt;&lt;br&gt;I&#039;m determined to be one of the people who changes for good.</description>
		<content:encoded><![CDATA[<p>Thanks.</p>
<p>I&#39;m determined to be one of the people who changes for good.</p>
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		<title>By: stretchydollar</title>
		<link>http://www.pimpyourfinances.com/2009/01/consumers-cut-back-but-have-they-changed-their-ways/comment-page-1/#comment-144</link>
		<dc:creator>stretchydollar</dc:creator>
		<pubDate>Thu, 29 Jan 2009 17:49:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.pimpyourfinances.com/?p=1180#comment-144</guid>
		<description>I agree with DDFD, some people might change permanently, but I feel like most of the people will slip back into old habits when things start to level our and we&#039;re more free with our money again. Nice post.</description>
		<content:encoded><![CDATA[<p>I agree with DDFD, some people might change permanently, but I feel like most of the people will slip back into old habits when things start to level our and we&#39;re more free with our money again. Nice post.</p>
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		<title>By: DDFD at DivorcedDadFrugalDad</title>
		<link>http://www.pimpyourfinances.com/2009/01/consumers-cut-back-but-have-they-changed-their-ways/comment-page-1/#comment-143</link>
		<dc:creator>DDFD at DivorcedDadFrugalDad</dc:creator>
		<pubDate>Thu, 29 Jan 2009 15:46:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.pimpyourfinances.com/?p=1180#comment-143</guid>
		<description>I am with you David-- these changes won&#039;t last.&lt;br&gt;&lt;br&gt;People have short memories-- case in point: gas consumption rose again with declining prices . . . &lt;br&gt;&lt;br&gt;There is an old saying, &quot;The more things change, the more they stay the same . . . &quot;&lt;br&gt;&lt;br&gt;Great post!</description>
		<content:encoded><![CDATA[<p>I am with you David&#8211; these changes won&#39;t last.</p>
<p>People have short memories&#8211; case in point: gas consumption rose again with declining prices . . . </p>
<p>There is an old saying, &#8220;The more things change, the more they stay the same . . . &#8220;</p>
<p>Great post!</p>
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