Recessionary living tops list of trends for next year
Recessionary living tops list of trends for next year.
Trends expert Ann Mack calls such behavior ‘recessionary living,’ and not surprisingly it tops the list of trends that advertising giant J. Walter Thompson forecasts for 2009.
‘They want something that retains long-term value. It”s choosing quality over quantity,’ said Mack, who believes that the current economic turmoil has created so much anxiety among consumers that even those who remain financially comfortable are thinking more like those worried about job security and those already holding pink slips.
‘The economy is all-consuming. It”s all they can think about,’ said Mack, director of trendspotting at JWT”s New York headquarters.
New consumer behaviors that are a fall-out of the economic crisis also dominate the trends forecast from another New York communications agency, Porter Novelli.more