Leisure spending has taken on various forms since modern capitalism was born, from the "conspicuous consumption" of the nouveau riche in the 19th century to the more recent "inconspicuous consumption" of high earners. But it's never before entered a mass moment of solitary leisure like this.
." This kind of discreet wealth became the new status symbol as the wealthy looked to nonmaterial services that would help them gain new prestige for having "social, environmental, and cultural awareness," she said. The severity of the pandemic's influence on the experience economy depends on how long the pandemic lasts, Yoder said. He thinks the uptick in solitary leisure likely won't have a long-lasting effect and that social leisure will pick up where it left off if the pandemic is over in the short or even medium term, he said.
That means spending from the top 10% makes up about one-third of US GDP. Spending on solitary leisure alone won't fill a gap that big. So even though the rise in solitary leisure is temporary, it could create a long-term economic effect.Former Yale history and global affairs professor
FOREEE
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Chinese smartphone giant Vivo's 32-floor tower HQ - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They said they gonna built this in Delhi. They betrayed me. vivopakistan you should consider this as well & it's not impossible.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How Quibi is working with influencers, inside its strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The status quo wins another day.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the path to Dun & Bradstreet's $1.7 billion IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check out our article of a SoftBank company IPO tomorrow
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Montenegro's Aman Sveti Stefan, where the rich vacation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. For each virus headline, two more virus headlines grow. COVID19 is like the mythical monster Hydra. i stayed here back in 2018, it is amazing and worth every penny!!! 🥰🥰
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside A Wall Street Tycoon’s Plan To Get Americans Off The Highway — And On His TrainsAs the world grapples with how to make travel safe in the age of coronavirus, private equity billionaire Wes Edens is betting $9 billion that America’s transportation future is passenger rail. The Obamas reportedly just bought a $12 million house on Martha's Vineyard. Take a look inside the 7-bedroom waterfront mansion. via businessinsider Warina_Hussain Yes's ofcourse
Source: Forbes - 🏆 394. / 53 Read more »
The pandemic is reshaping airlines — and how you fly will never return to ‘normal’ - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Flying will return to pre pandemic levels. It will! 2-3 years after vaccine. Unless our population refuses vaccine & acts stupid! Why shouldn't it never return to normal?
Source: BusinessInsider - 🏆 729. / 51 Read more »