The title above is from Tom Verde in the New York Times. This doesn’t seem to be news to us. Does anyone want the crystal, the china, the antique hutch, etc? Haven’t most of us been in the picture above? It wasn’t fun but we all lived through it and have found that being free of “stuff” can be somewhat liberating.
From the NYT: “The competitive accumulation of material goods, a cornerstone of the American dream, dates to the post-World War II economy, when returning veterans fled the cities to establish homes and status in the suburbs. Couples married when they were young, and wedding gifts were meant to be used — and treasured — for life.
“Americans spent to keep up with the Joneses, using their possessions to make the statement that they were not failing in their careers,” wrote Juliet B. Schor, the Boston College sociologist, in her 1998 book, “The Overspent American: Why We Want What We Don’t Need.”
“But for a variety of social, cultural, and economic reasons, this is no longer the case. Today’s young adults tend to acquire household goods that they consider temporary or disposable, from online retailers or stores like Ikea and Target, instead of inheriting them from parents or grandparents.
“This represents a significant shift in material culture, said Mary Kay Buysse, executive director of the National Association of Senior Move Managers, a professional organization of moving specialists who help older people downsize.” Click here for the full article.