Recognized Values and Consumption Patterns of Post-Crisis Consumers
The financial crisis unleashed in the usa in 2007 was followed by a domino effect and caused an important global lost of ethical values when pursuing monetary health. The individual citizen, who has been preached to for decades that it is alright to spend the money and to be indebted, was suddenly faced with disillusionment and sobering. An exploratory in-depth study has been proposed to assess the state of values and consumption patterns of post-crisis consumers in Slovenia, using methods of the online focus group, quantitative and qualitative content analysis of media and documents. Findings confirm that there has been a slight but visible shift from the consumerism orientation toward a more conscious spending attitude, and consumers’ values indicated the change of direction from individualistic to the community and family driven. Consumers are aware of their rights, of their power, and are willing to raise their voices. Time will show if this shift is of limited duration only.
Volume (Year): 9 (2011)
Issue (Month): 2 ()
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- Ramalho, Esmeralda A. & Caleiro, António & Dionfsio, Andreia, 2011. "Explaining consumer confidence in Portugal," Journal of Economic Psychology, Elsevier, vol. 32(1), pages 25-32, February.
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