Posts Tagged ‘Ipsos/Reuters poll’

Richard Florida
by Richard Florida
Mon Jun 8th 2009 at 9:06am EDT

The New Normal

Monday, June 8th, 2009

Andrew Sullivan points to a new Ipsos/Reuters poll about how consumers in some two dozen countries are cutting back. Makes logical logical sense, on the face of it: Consumers are cutting back most on discretionary items like entertainment and vacations. But if we’re going to someday build a new kind of economy based less on durable goods – the old housing-auto, fordist industrial complex so to speak – and more around experiences, personal development, new technology-based and creative industries, the massive slashing of entertainment spending does not bode well for the longer-run. This may simply be an issue of wording: People likely see “entertainment” as a broad catch-all category. And the fact that education is holding up relatively well is a good sign.