Saturday, December 12, 2009

Lessons in frugality from the Times: And just never you mind about the women in bikinis sipping Veuve Clicquot in South Beach

Nice piece in the Times titled "A Lesson in Frugality, From the Tenements." And it starts at the Lower East Side Tenement Museum.

Writer Damon Darlin asks, "Can middle-class American consumers save like immigrants of more than a century ago? Can they change their mind-sets and lifestyles in order to accumulate capital and work down debt?"

Excellent discussion point, though I got sidetracked with the promo ad next to the article for a South Beach feature in the Times.


Ken said...

Often I think about my family a hundred years ago. They were immigrants from Italy that worked their butts off to eventually own property in NYC. It did't take them very long. Today, I think about myself and noticed how things have regressed. I now live in a tenement in the LES. The same neighborhood my family worked hard to get out of. The thing is, as hard as I work, I don't see myself being able to ever save enough to afford property in NYC. So I guess it makes sense to live it up a little. It can kill the pains of reality.

Anonymous said...

Ken you have a good point.