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Is part of the story:
- Isabel & Pierre
- Episode 5 of 6
Don't rain on our parade
Date published : December 18, 2009 - Sainte-Anne-de-Kent, New Brunswick
They're making a list and checking it twice. Olivier Soaps is trying something new in a bid to boost holiday sales.
Crisis triggers frugality
Canadians win 2nd place for frugality among nine developed economies. So says a recent study from the ING Direct bank that compares current spending and saving habits in Canada, USA, Australia, Spain, France, Italy, Germany, Austria and the UK.
When it comes to cutting personal consumption and saving more, Canada trails only Austria, with 80% of Canadians declaring that they have changed their habits in the last year.
Some key findings from the ING Direct study:
Canadians win 2nd place for frugality among nine developed economies. So says a recent study from the ING Direct bank that compares current spending and saving habits in Canada, USA, Australia, Spain, France, Italy, Germany, Austria and the UK.
When it comes to cutting personal consumption and saving more, Canada trails only Austria, with 80% of Canadians declaring that they have changed their habits in the last year.
Some key findings from the ING Direct study:
- 56 % of Canadians are spending less on small luxury items.
- 50 % have made an effort to reduce their domestic energy use.
- 50 % are spending more time at home.
- 40 % report they have cut back or delayed renovation projects and big-ticket purchases like cars and houses.
- 44 % are bringing their lunch to work
- 40 % are using credits cards less.
- 33% expect the crisis to have an impact on their retirement.
Field director
Pamela Gallant
Editor
Miguel Raymond
Director-coordinator
Hélène Choquette
Original score
Robert-Marcel Lepage
© 2009 NFB – All rights reserved
Pamela Gallant
Editor
Miguel Raymond
Director-coordinator
Hélène Choquette
Original score
Robert-Marcel Lepage
© 2009 NFB – All rights reserved
Theme
- "Consumers" are different than citizens. Consumers
- do not have obligations, responsibilities, and duties
- to their fellow human beings. And as long as you
- are using that word “consumer,” you will be degrading
- the quality of the public discussion as we go into
- the very difficult future that we face."
- James Howard Kuntsler
