Changing Values: From Borrow/Spend to Save/Being Frugal

Here is another recent article from the folks at Money magazine that talks about frugality and saving money: How the Crisis is Changing You. This article makes the case that frugality and saving money are in, debt and plastic are out, and bling is bad. The author, Dan Kadlec claims that the financial crisis and its ensuing economic meltdown have engendered a major shift in the financial values of Americans that he thinks will persist over time.

Do you agree?

Article Link: How the Crisis is Changing You