[jason]

With stagnating house prices, bleak unemployment data and a Eurozone in crisis, it's no surprise that consumers have continued to re-assess their approach to the way they manage their finances. Indeed, according to new consumer finance research from Mintel, the tough economic climate has prompted almost half (45%) of the population to change their attitudes towards borrowing money.
It seems that the economic climate has created a new breed of prudent consumer with a return to the traditional virtues of budgeting and sound financial management. Mintel's consumer research highlights that almost two fifths (38%) of the population can be described as "newly prudent" - with attitudes changed post-recession. These consumers have re-evaluated their approach to managing debt, and take a hard line on spending - if they can't afford to buy it now, then they won't borrow to pay for it.
Toby Clark, Head of Financial Services Research at Mintel, said:


Read more: http://www.sacbee.com/2011/09/30/395...#ixzz1Zp7hb2xc

[onmars]

I am one of those people. I don't feel safe borrowing money anymore. The interest rates are too high. I feel secure in my job, but no one knows how long that will last.

[MomofMany]

That's true, onmars. The news is full of people who had great jobs, and thought they had job security, but now they are in foreclosure because their place of business ended up having to close.