It’s chic to cut back
Atmosphere during the Marc Jacobs Christmas Party at the Rainbow Room on December 12, 2007 in New York City. Extravagant Parties…No more.
In this economic climate being frugal is making a fashionable come back. Samples sales are in and wearing your bling-bling is not. With Christmas parties being scaled down or completely cancelled; like the famed annual Marc Jacobs Christmas party , showing off and spending conspicuously is becoming bad form. Perhaps they are lessons learned from the last great depression; during that time the industrialist Andrew W. Mellon said it would “purge the rottenness out of the system. People will work harder, live a more moral life.”
Consumer trends definitely show that we are moving away from disposable style and taking core values into account has become of the moment. With this in mind, the rich might spend discretely and cautiously but what are the middle classes to do now that they have to dress more according to what they have to what they aspire to be? Suggestion: True personal style.
Read more:
In hard times, No more Fancy Pants IHT
Recession Dressing Newsweek
One response to “It’s chic to cut back”
December 10th, 2008 at 16:52
[...] during the economic crisis even the wealthy are cutting down on their expenditures and how it is not chic to flaunt. Not that being chic has ever been about flaunting, au contraire…but that is a whole other [...]