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Further Signs Of The New Frugality

Headline in the New York Times this morning: "Trickledown Downsizing: With Their Employers Cutting Costs, Domestic Workers Suffer" (with an over-the-top illustration of a uniformed maid with tears streaming down her cheek).

In the Journal: "When the Going Gets Tough, Some People Lay Off the Nanny" (with an over-the top discussion topic, "Have you started to do more household tasks yourself, in light of the economic downturn?" No comments were posted as of 8:21:42 EST).

The Journal also reports that Costco is expected to indicate its upper-end customers are spending less when it reports its earnings today.

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Read the whole story at New York Times; Wall Street Journal »

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