"The positive side of this impending downturn is that people now have a psychological excuse to stop spending in an effort to find happiness - which still eludes them - and instead to get back to the things that really matter: relationships. In other words, to find happiness in investing time and effort into family, friends, neighbours and colleagues.
Although we are cash-rich, we are increasingly time-poor. Britain has the longest working hours in Europe and among the highest in the developed world. I anticipate that consumers will now try to organise a reasonable working week so that they can spend time where it matters - which will not mean non-stop shopping. A work-life balance revolution is on the way, and it may not be a bad thing for society."
Via Guardian Unlimited
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