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Cynthia McFadden | 04/03/2009 11:00 pm

Cynthia McFadden on the Changing Economic Times

Cynthia McFadden
There’s been lots of talk around the watercooler these days (in our case, the office coffee machine, where the coffee is still free and strong) about the way things are different in these crumbling economic times, the way things have changed in everyday life. Not just in big ways, but small ones too. Like trading in your morning Starbucks for the coffee stand, like bringing lunch to work (one colleague at ABC says it’s her "recession soup"). So here’s a question: Do you think lipstick and chocolate are any kind of bellwether to the economy? Some people do. Take a look at this "Nightline" video by clicking here, and then vote in the wowOwow poll.
Read more about: ABC, Economy, News, Recession

15 Reader Comments (so far…) Sign In or Register to comment

Chris Broersma
Yes.  And though the 80s crash was frightening…this one holds so much more denials for those comfort things and foods than during ANY time I can remember.
By Chris Broersma on 04/04/2009 12:22 am
nanchan u

Great piece, Cynthia!  One of the things I have done through the last few months is maintain my monthly pedicures.  There’s a little place in the shopping center close to my house that does spa peds for $18 (throw in another ten and they do your fingernails while your feet soak).  They also massage your legs for about 10 minutes… to me it’s a bargain.  They will do the little design thingies too.  During the winter, I do the funkiest colors they have on my toes… who’s going to see the florescent green on my toes in the SNOW?  Currently, I have hot pink toes with flowers in the middle (and a little rhinestone in the center of each flower).

Tomorrow, my friend and I are going back, and because we are getting close to warm weather, I’ll probably do a reverse french pedicure, maybe an Easter egg?  Who knows.. whatever I do, it will be fun to sit and chat with my friend, and get an innocent luxury that makes me (and my toes… by the way, the dog seems fascinated with the peds as well) HAPPY!

Enjoy the lipstick!

By nanchan u on 04/04/2009 1:05 am
Rainbow Power

Nanchan…I love the dog being fascinated with the peds.  I just love getting those pedicures…it makes me feel so dainty and feminine.  I think my kids finally got the message…."give me gift certificates to the local nail "…. they always say "I can’t find anything to buy you" …well now you do!

Sure things can be tough balancing the home budget, but I have learned to cook more healthy meals without the heavy meat content, less fast food, and I haven’t been sick with a cold since I turned the house furnace temperature down several degrees, plus my electric bill went down.  And, I can’t believe the number of really good coupons which are available.  I have been visiting  chain restaurant sites and registering …. so far in the last couple of weeks I have 5 coupons for free food at restaurants (Texas Roadhouse, Applebees, etc.)  Maybe this downturn has been good for me.

And I still buy lipstick.  Those cheaper brands have the most interesting colors….some are really wild but look wonderful when I put it on. 

By Rainbow Power on 04/04/2009 7:18 am
Lee Harrison

Cynthia…cute piece!  I just bought a very bright colored dress with bright yellow shoes and shawl…so I think that Harper’s Bazaar lady is on to something.

Before Christmas there was a question on this site about the recession and shopping.  I noted that I’d been in malls in Ohio and Florida and the only busy stores or counters were Sephora and the makeup counters in department stores.  Of course, I didn’t happen to look at the candy counters, so I can’t comment on that.

By Lee Harrison on 04/04/2009 12:21 pm
nanchan u

People need optimism, Lee and it’s so sweet that you treat yourself!  It’s the people who persist in pessimism that will keep this country down.  Let the Yellow Shoes, Bright Toenails, And Red Lipstick wave! 

By nanchan u on 04/04/2009 5:57 pm
Lee Harrison

nanchan,

Thanks for the vote of confidence.  Truth be told, I was going to a wedding and needed a dress, which I got for a pittance.  So it was a double treat!

By Lee Harrison on 04/05/2009 6:59 am
DeBúrca obj
I have always had to watch my money. At the moment, other than losing money on paper due to the housing market, my day to day life has been pretty much the same as before. Knock on wood, as long as my husband keeps his job. But we have always had to live frugally.
By DeBúrca obj on 04/04/2009 2:10 pm
phyllis Doyle Pepe

From Notes on a Scandal:

I am good at waiting. It is one of my great skills. Richard described the

Harts as immediate gratification people. Well, I come from deferred

gratification stock. In my family, when I was growing up, taking what you

wanted at the moment you wanted it was regarded as very bad taste. My sister

and I were taught to look down on the children at our school who had new

clothes every week. Their parents didn’t know how to save, our mothers

explained to us. "They have new jackets now," she liked to say, "but they’ll

have run out of coal by the end of the month." Saving was the ultimate

virtue in our household, for it was only by saving–––by putting off anything

desirable for us as long humanly possible––that the terrible fate of

being"common" was ever to be escaped. We ate bread and lard for tea all week

so that, even though my father earned his living selling stationary to shop

owners out of a little van, we always had proper jam and scones on Sunday

when our relatives came to visit.

   My mother had an "everyday" and a "best" of everything. She saw it as a

mark of her good, English sense that by making me wear a frayed crochet cap

every day of my life for five years, until the thing disintegrated on my

head, she was able, during the same period, to maintain my "best hat"––a

glazed straw meringue decorated with three paper roses––––looking as

pristine as the day she had purchased it. On those occasions that she broke

down and let me wear the best hat, she insisted on it being worn with a

protective bag over it until I was safely at my destination. So strong was

the pleasure deferral instinct in my mother that she would rather have me

walk down the high street with a paper bag standing high on my head like a

papal crown than risk exposing the sacred meringue to the dirty air. 

By phyllis Doyle Pepe on 04/04/2009 5:27 pm
nanchan u
Beautiful.  And so right. :)
By nanchan u on 04/04/2009 5:53 pm
starry Nite

We have always been afraid the money gods would make us poor again if we got too carried away.  So we are doing okay.  We have paper losses but our income is the same. 

We enjoy a few luxuries like good food and a travel.  I never cared for expensive clothes or cars.

By starry Nite on 04/04/2009 7:46 pm
Deirdre Cerasa
Good story.  I have found myself looking for new lipstick more than I every have!  Also decided to keep mani/pedi going. My rationale; the same person has been doing my fingers and toes for 15 years; it is how she earns a living.  I like her and the forced relaxation is a good thing.  As far a chocolate is concerned; I have always said the if our kitchen sink were made of chocolate, we wouldn’t have one. 
By Deirdre Cerasa on 04/04/2009 9:53 pm
jules verne
I am watching what I buy at the grocery more now that I can.  I had six kids in the house at once, now only have one.  I am putting away 30% of mine and my husband’s income in various retirement funds so that he can retire in 8 years and me in 10 years (his job is labor intensive and mine isn’t).  I bought a Kindle in October and search for 80 cent books as opposed to $9.99 books and I am reading ones that I bought over the years.
By jules verne on 04/05/2009 7:43 pm
deber B

Starting last July, a light bulb went off in our heads and we liquidated assets and put as much as we could into our money market account.   It was perhaps one of the smartest moves we’ve ever made…not knowing what was ahead.    We have continued to save money and will continue to save until we see some jobs come back for America.   

For the first time in many years, we put ourselves on a budget and were stunned to learn how much we could actually do without.   Since we love to cook, we didn’t budget at the grocery store and we found other areas where we could definitely do a better job.  

I don’t mind getting back to the basics in life.   And, I don’t mind saving money during a recession.

By deber B on 04/06/2009 5:55 am
Wafaa El  Jusmani
I never turn to anything as long as my heart is safe with those that keep it so, Other than that is a passing breeze.
By Wafaa El Jusmani on 04/06/2009 5:25 pm