Most consumers actually feel more pain from these small cuts than from big ones. You miss your daily java jolt a lot more than, say, a new car you'd only hoped to buy sometime this year.
Small cuts can also have a big effect on the economy. If cutting back becomes a cultural mind-set, it can be very hard to turn around.
"The new status isn't how much you've got, but your ability to show what you don't spend," says futurist
"This is a seminal moment. It's not a fad that will die out when the economy picks up."
Trends guru Faith Popcorn puts it this way: "It's cooler not to spend."
When it’s cooler not to spend many businesses will feel pain if they do not heed the wisdom of providing an exceptional customer experience.