The Trading Floor features comments, feedback and insight submitted by Marketplace sources. Help advise us about stories we’re working on, discuss the news of the day, and share your insight by joining the Public Insight Network.
FEATURED QUERY: Do you rely on tips for a living? Tell us more
There’s frugal, then there’s conspicuously frugal.
The frugal person grows tomatoes in the backyard. The conspicuously frugal person plows the front yard and invites the press to watch as local kids sow the seeds.
As the recession continues and job losses mount, people are cutting back on spending. Others who still have the same jobs and incomes they did last year — and I’ll confess right here, I’m one of them — are also cutting way back and can’t seem to stop talking about it. It’s become almost a second identity.
The frugal person trims spending on food. The conspicuously frugal person announces he’s feeding his family on a dollar a day then blogs about it in solidarity with the truly hungry.
So which are you? Frugal? Or conspicuously frugal?
Are you seeing showy displays of frugality at work or home? Is it okay to make thrift a political, status or fashion statement? If you are jobless or poor, what do you think about the frugal or frugal-seeming acts of others?
Share your response with Marketplace, or click the comments button if you’d like your insights displayed here.
Excellent point.
If a company gets praise for doing more with less, individuals should get the same positive reinforcement. Why is it positive if GE squeezes every last bit of efficiency out of its resources, but negative if you or I manage the same thing?
Elaine Frankowski said: Buying stamps for investment purposes is the stupidest thing a person can do unless he/she is an expert collector, is More
RMS said: Until the ecomonic conditions improve, companies will care less and less about the employees. Most managers are too concerned about More
Jennifer said: Yes and no. I went to an out of state major university, on scholarship, with no idea what I wanted More
GK said: I had a similar childhood to another poster here. My parents lost jobs, a business and our house in the More
We need to change the mind set that being frugal is a sign of cheapness and inferiority. Society has stigmatized frugality in a negative away . Instead we reward consumption and materialism. It is only now that we are beginning to see the detrimental long-term effects of this. So my hats are off to anyone who is conspicuously frugal. In my eyes they should be regarded with highest esteem because of their sustainable way of living.