Monday, August 23, 2010

Fortune's New Normals

Fortune magazine has come up with some "new normals," that is, financial things with which we may need to get used to living. About these Fortune says:
It's not easy to change Americans' financial habits permanently, and 'new normals' don't always last. Fortune found five that just might stick, at least for a while.
Fortune's five financial things include:
  • long-term unemployment,
  • renting instead of owning,
  • saving instead of spending,
  • 'staycations' instead of vacations,
  • higher taxes for the upper income brackets.
Here is a link to the online article, which you may find useful.