It wasn't your grandaddy's Depression after all.
All that talk about how Americans learned to be frugal during the Depression, with Grandma saving string and whatnot? And how the great-grandkids are just a bunch of spoiled brats with too much stuff and too much debt?
Hooey. That's right. Hooey.
Consumption Junction started in the 1950s, and based on what we actually spend on stuff vs. necessities (health care anyone?) we've been getting the short end of the stick ever since, in case you haven't noticed.
Yeah, yeah, plasma TV, iPod City. I hear ya.
But don't take my word for it.
Read this. It's short. And based on, sigh, actual data.
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