In an economic slowdown, what would you be least likely to give up?
Tuesday, October 28th, 2008I guess we all like going out to eat more than we think because that was by far the most popular response (with 49% of the votes) by the more than 300 participants of the survey in our personal finance community on Finicity.
The second most popular answer (with 19% of the votes) was contributing to savings, so it’s good to know we still value savings…but maybe not as much as eating out.
So why do we enjoy eating out so much - because it’s something we all do…either daily, weekly or monthly?
Obviously, the ease of having someone else prepare your food for you is pretty nice…and usually the food tastes better when you go out too. But maybe there’s something else when it comes to eating out during an economic downturn. It may be a way to escape from the day to day pressures and enjoy some type of luxury since most of the other luxuries diminish during hard times. Or maybe it’s our need to socialize (and not the food) and to be in a social environment with family, friends, co-workers, etc.
Whatever the reasons, we all like going out to eat. And some of the cherished times for my wife and me are those days when we’ve had a hectic week and we’re able to find a babysitter and get away for an enjoyable dinner together – full of laughter, great conversations, good food, delectable desserts, and free from kids whining and crying.
Bon appetit!
Corey Davis, Marketing
