After the credit bubble bursts, and folks have to live off their paychecks, instead off the money created by the Fed printing presses and recycled from overseas, could we see a change in lifestyle?
Frivolous services will disappear
* nail salons
* half the coffee shops (can’t people pour a pot of water into a carafe – is that so difficult?)
* hiring gardeners or cleaning people because the man and woman of the house are too lazy; remember when it was the neighborhood teenager who mowed the lawn?
* car washes at every 1/2 mile (we used to always wash our own cars back in the days)
Work
* teenagers will work again, instead of indulging in activities, and enrichment and volunteer work just to look good on a resume
* maybe Americans will be sick and tired of the free trade which is causing our living standard to go down while “theirs” goes up; maybe “made in America” will be more important than getting something cheaper
The “big” things will be a turn-off. Think Suburbans, big houses, big ovens, big chairs like you pictured above, big grates on big Viking ranges (who really needs 6 burners?).
During the adjustment, look for more suicide, drug abuse, crime.