frugality

Billions in charges written off by banks could have more to do with the drop than the frugality of struggling consumers.

With pent-up demand comes a new level of austerity as vacationers search for frugal ways to get away.

The world economy will start growing again in 2010 but emerging markets will accelerate at a much faster rate than the U.S and Europe, due in part to continued frugality among Western consumers, a new report says.

New-found frugality and the tendency to save more may be permanent changes brought about by the recession, according to a new national survey released on Friday.

Even though consumer spending rose in July, many Americans are still watching their pennies, and some said their newfound frugality would not be temporary.

The makers of Spam, long a symbol of frugality, are advertising the often-maligned canned pork as a way to relieve boredom at the dinner table as the recession wears on.

Instead of spending its oil riches lavishly, Norway saved, and is now thriving in the midst of the global recession.