Leisure spending has taken on various forms since modern capitalism was born, from the "conspicuous consumption" of the nouveau riche in the 19th century to the more recent "inconspicuous consumption" of high earners. But it's never before entered a mass moment of solitary leisure like this.
." This kind of discreet wealth became the new status symbol as the wealthy looked to nonmaterial services that would help them gain new prestige for having "social, environmental, and cultural awareness," she said. The severity of the pandemic's influence on the experience economy depends on how long the pandemic lasts, Yoder said. He thinks the uptick in solitary leisure likely won't have a long-lasting effect and that social leisure will pick up where it left off if the pandemic is over in the short or even medium term, he said.
That means spending from the top 10% makes up about one-third of US GDP. Spending on solitary leisure alone won't fill a gap that big. So even though the rise in solitary leisure is temporary, it could create a long-term economic effect.Former Yale history and global affairs professor
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