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Wal-Mart CEO Sees Long-Lasting Shift In Consumer Spending

Posted on | January 13, 2009 | No Comments

Wal-Mart CEO Sees Long-Lasting Shift In Consumer Spending.

Even Wal-Mart admits that consumer spending habits have changed and probably won’t go back to the way they used to be.  Gone are the days of buying until we’re blue in the face.  Where we had to have it all and the fuller our garage/basement the happier we were.  I truly hope people are saving more or using their money more wisely.  Do you really need a new kayak?  You’ll use it a few times and never again.

This fundamental shift in consumer spending habits and the declining economy are why we launched Crowd Rent.  Local rentals, renting things in your neighborhood will replace the rampant desire to consume as people realize we can’t keep spending at this rate.  I know, within a five mile radius, I could likely find anything I could ever need.  And I could borrow it for a fraction of the cost of buying it.  Give it a shot.

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  • Crowd Rent: Powering Local Rentals

    This is the Crowd Rent blog. Crowd Rent allows people to list things you have for rent to people in your area. It is peer-2-peer rentals if you will or we like to say local rentals. Our goal is to reduce consumption by renting things and saving/making money all around. If we aggregate the stuff we have we'd never need to buy more again.

    On the blog you'll find a variety topics from software development to commentaries on the technology. We are fans of technology and software development so we tend to write about these things.

    Try out Crowd Rent today and start reducing your consumption and make money doing it.
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