The New Frugality
by Gerri Detweiler
Chris Farrell is the economics editor for Marketplace Money and the author of the book, The New Frugality: How to Consume Less, Save More and Live Better. He joins Talk Credit Radio this week to share his perspectives on the 201Cnew frugality201D in America. Are consumers saving more and spending less because they have to, or because there really is a shift in behavior? And what does that mean for our economy? How about the global economy: Is the European sovereign debt and banking crisis something the average American should be concerned with? Chris will also reveal why he believes many people should be saving more in non-retirement accounts.
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