Social media trend encourages young people to buy less and reconsider their consumption
PBS News Hour - Segments
PBS NewsHour
4.1 • 1K Ratings
🗓️ 30 December 2024
⏱️ 7 minutes
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| 0:00.0 | This holiday shopping season, Americans were projected to spend 7% more than last year. |
| 0:06.3 | But our Paul Salman was alerted to a social media trend that, in a world of consumerism, hits pause before pressing the purchase button. |
| 0:15.2 | Get ready with me to go on a shopping spree. |
| 0:17.8 | It's the perennial end of year messages we've just had to endure in print, on |
| 0:22.6 | TV, and all over social media. Buy away, buy away, buy away all. Let's do the biggest shopping |
| 0:30.0 | whole ever! We're going to go self-care shopping at Sephora, Ulta, Target. |
| 0:37.9 | This is everything that I got. |
| 0:39.2 | Let's go through it quickly. |
| 0:41.0 | But here's what's also been trending this year. |
| 0:43.8 | Hashtag underconsumption core. |
| 0:46.9 | I wanted to show you stuff that I've had for literal decades. |
| 0:51.0 | My Chi hair straightener from 2010, 2011, somewhere in there, still works great. |
| 1:01.6 | Countertrender Diana Weeby was posting videos like this one. You can see I've hit pan on a |
| 1:06.7 | couple of these, a couple of my faves, but it's still good. It's rejecting what influencers and the |
| 1:13.7 | companies behind them are trying to get you to do, which is buy more and buy it right now. |
| 1:19.5 | It's a younger generation's reaction to America's throwaway culture. Buy less. Repurpose, shop vintage, |
| 1:30.1 | instead of plunging reflexively for... I'm just going to be the first one to say it, I guess. Garbage. |
| 1:35.1 | Of course, Webe is hardly the first to say it, or the first to push under consumption. |
| 1:40.3 | I don't think it's new at all. It's what we have called in the past living within our means. |
| 1:45.5 | Brett House, economics professor at Columbia University's business school. |
| 1:49.1 | I think it's worth noting that if there's underconsumption happening anywhere, it's almost certainly for people at lower incomes who are facing greater challenges in covering their day-to-day needs. |
| 2:01.1 | If we look at past cycles between booms and recessions, |
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