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In social behavior, downshifting is a trend where individuals adopt simpler lives from what critics call the "rat race". The long-term effect of downshifting can include an escape from what has been described as economic materialism , as well as reduce the "stress and psychological expense that may accompany economic materialism".
If the worst-case scenario happens -- European countries default, American consumers spend less, and there's a global economic contraction -- will any companies survive? Surely, many will; in fact ...
The economy is downshifting and you need every clue possible on companies to survive. I think the tones on conference calls will be decidedly bearish. Two good points on this one from Goldman Sachs:
We look for only a mild downshift in growth in 2025 to 2%, with a small additional rise in the unemployment rate to 4.5%. Core PCE inflation expected to decelerate a half-point next year to 2.3% ...
Voluntary simplicity (also known as simple living) and downshifting are also growing trends that can be considered post-growth. Tiny homes, ecovillages, and Quakers are good examples of how voluntary simplicity can be put into practice (see the Testimony of Simplicity). Post-growth ideas and actions are gaining international attention in the ...
The Overspent American: Upscaling, Downshifting, and the New Consumer is a 1998 book by Juliet Schor on American consumer spending patterns. Bibliography
The Southern California housing market is downshifting. The average home price in the six-county region fell 0.3% from October to $869,288 in November, according to Zillow, marking the fourth ...
Many people downsizing from a larger property to a smaller one will find their current possessions, appliances and furnishings will be unable to fit in the new smaller home. [4]