I think a new era pointing back to the past is coming, it will be interesting how this will effect the markets longterm ie DOW,S&P etc.. #1 The end of perpetual autoleases,and car loans. #2 Shopertainment will fizzle out, people will buy what they need and that is it. #3 The end of Bling, I think people will get tired of working like a dog to service debt so they can fake it till you make it. #4 Layaway might make a come back. #5 you will no longer see mass consumption of electronics to upgrade your models purchased last year. #6 End of BMWs,Mercedes crowding the streets and big escalades etc.. More modest autos will be out there. #7 Less restaurant visits more home cooking etc.. #8 The end of McMansions. I think people will realise that spending a fortune on 4-8K square feet homes with no yards and poorly constructed in cookiecutter ghettos is not fun anymore.