To spend or not to spend

October 4, 2011 | By | Reply More

According to this article at MSNBC, the failure of U.S. consumers to spend lots of money has screwed up the U.S. economy:

For the time being, it looks like American consumers are AWOL. And until they come back, don’t expect to see any real recovery in economic growth and the job market. Consumer spending typically accounts for roughly 70 percent of the U.S. economy.

But here’s another way of looking at things. Annie Leonard has made a good case that out-of-control consumer spending has been wrecking our society, as she explains in “The Story of Stuff.”

Leonard now offers a free school curriculum based on The Story of Stuff. It is called “Buy, Use, Toss?”

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Category: Consumerism, Education, Simple living, Sustainable Living

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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