• Business Week: The new age of frugality
• The New York Times: The new frugality: No passing fad
• Fortune: Thrifty is the new frugal
• The New York Times “The New Hard Times“

U.S. consumer borrowing $11.1 billion, a Federal Reserve report showed Thursday, much more than expected.

March consumer credit fell at an annual rate of 5.2% to a total of $2.55 trillion.

This is the biggest percentage drop since Dec 1990.