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I Don't Feel Like Buying Stuff Anymore
With a decrease in discretionary spending and a shift away from non-essential goods, there’s been a redefinition of luxury.
PM • ON NEW MUTUALISM AND MEDIA
Restaurant spending has fallen by about 60 percent across the country, with the sharpest declines in fine-dining, lunch, and late-night food. The situation is especially bad for independent restaurants.
The Atlantic • The Pandemic Will Change American Retail Forever
There are four big forces that have played a critical role in manipulating and feeding hyper-consumption: the power of persuasion; the buy now, pay later culture; the law of life cycles; and the “just one more” factor.