Today in Newshour’s meeting we were chatting about how and if the credit crunch has changed our lives? Is having less money changing our values and our behaviour? Are we becoming less materialistic and is it possible that the credit crunch could actually be good for us?
The credit crunch has meant that many of us have had to watch the pennies and cents. We aren’t spending money like we used to, and buying that extra pair of shoes or must-have gadget takes a lot more consideration. But is this a bad thing?
Times of hardship can change how we behave. For example, many New Yorkers said there was a marked improvement in “humanity” after September 11th 2001. The UK shadow health secretary, Andrew Lansley, recently said that the credit crunch would be good for the British public in many ways, as it would mean “people would smoke less, drink less alcohol… and spend time with their families”.
Has the credit crunch made you look at what you value and have you changed your behaviour as a result? Do you think that there could be some positives to be taken from the crisis?