Handelsblatt Magazine— The Resurgence of Frugality

We don't understand German, so we ran this article through an online translation web site. We discovered that online translation tools aren't very accurate. If you can understand German, click on the link below and you can read the article as it was intended to be. If you can't read German, then enjoy reading the "translated" version.

Handelsblatt German Article

By Christine Mattauch

* * * * * * * 

America Savings Foxes (Note, this is the automated translation version)

The economic crisis makes it national models: Eingefleischte Knauser suddenly asked advisor is and medium star in the USA. The hints of Steve and Annette Economides rank completely in front.

Steve Economides lives its principles. Who wants to call it and it coincidentally on its mobile phone gotten, he points immediately by right: „You call please on the fixed network! “That is cheaper. The 51-jährige American is a Geizhals, and he stands to it. It and his Mrs. Annette largepulled five children and are thereby with less than 35,000 dollar per year expenditure-come. With their kind to keep house they make all for their name Honour. That originates from Greek and „son of the manager means “.

Extreme thriftiness coins/shapes to today that Lifestyle of the family, those in Scottsdale in US Federal State Arizona lives. And since then the recession the global economy seizes , is the Economides thereby has model for the whole nation nascently. Hardly a talk show, in that they did not arise yet. They wrote a book, „to America's cheapest family “, which became the best-seller. Ten thousands of humans read their newsletter. With nearly religious eagerness demonstrate the American consumers their determination, the bad times too project. In the country, in which in the past years the abundance governed, where the hobby number one Shopping was and the average American unencumbered 10,000 dollar credit card debts piled up, a new modesty draws in.

Handling scarceness was into that The USA as much into oblivion turn out as in Germany

Großmutters of prescriptions out War years. But the crisis forces now to rethink the Americans - the home-owners, their real estate from month to month at value, of them loses the investors Pension plan there-melted, and the employees, which must be afraid for their places. The unemployment ratio has itself in the past twelve months over nearly half increases. In the USA that means for many the descent into the poverty. Humans must now economize. But many do not know no more, how functions. There layman advisors are like the family Economides, early the only few eingefleischten Geizhälsen a term was, suddenly trendsetters and more in demand because ever.

„Never the credit framework exhaust! “

With CNN they step at the end of March in a transmission up, those under the slogan „Road ton of Rescue “ stands, ways out of the recession. „As you created it to pay your first home of one's own off after nine years? “ the host asks the Economides. „Never, never exhaust the credit framework, that the bank offers “, says Annette Economides and vibrates dramatically that Head. With their bang-blue blouse and that roundish figure looks the 48-Jährige, like one itself patents an American from the province presents. At least 20 Per cent own capital funds bring in, recommends it, and their man nod violently. The host looks astonished. „However if one itself its dream house then not to carry out can? “she throws in. Annette Economides' Hands twitch. „Well, then one waits evenly one while “, explains it energetically. „One must not have nevertheless always everything immediately. “