Saving is the new spending
Richard Denniss, chief economist at The Australia Institute, co-authored the book: Affluenza: When Too Much is Never Enough. Mr Denniss said Australians have a love affair with overconsumption and spending for spending's sake.
Now a growing number of people are trying to save as much of their income as possible and spend as little as possible. Rachel Botsman co-authored What's Mine is Yours: How Collaborative Consumption is Changing the Way We Live and recommends savers look at social networks to swap, trade, rent and barter for goods.
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Source: The Age