Word: scrimped
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Sacrifice and lowered expectations do not come naturally to Baby Boomers. "You deserve a break today," proclaimed a famous McDonald's commercial, and the Baby Boomers believed it. The Depression-era work-and-scrimp ethic that drove their parents was not passed along. Inflation is at least partly to blame, says MONEY Managing Editor Landon Jones, author of Great Expectations: America and the Baby Boom Generation (Coward, McCann & Geoghegan). Spiraling costs made savings seem futile and fostered a sensibility of buy now, pay later...
...small firms scrimp every way possible. For example, they avoid long, self-indulgent recording sessions. Says Folk Singer John Stewart: "Before I step into the studio, I know every note I'm going to play." Husker Du, a trio on California's SST label, recorded a two-disk punk masterpiece in just 45 hours. Artists on small labels also go without such freebies as drinks and buffets, which have become staples at some music firms. Refreshments at Twin/ Tone Records in Minneapolis, for example, are limited to an occasional twelve- pack of beer...
...large part of the additional money is to go towards the development of strategic weapons already approved by Congress. There are no requests in the budget for new weapons. The one area where the President wants to keep expenses down is the area that Congress is most reluctant to scrimp on--military...
Some students are angry or bitter at unexpected burdens, and a few accuse the aid office of passing costs to them or counting on upperclassmen to scrimp and survive the last year or two, rather than leave. Others blame the federal cuts and the new limitations on Guaranteed Student Loans (GSL) for the crunch and are relieved that their packages will still get them by. The common denominator, though, is a feeling of fear, of near-escape. Everyone, it seems, has heard vaguely that some students cannot afford to come back. No one knows just...
...average busing distance turned out to be 40 miles a day. The new schools are for the most part makeshift: no frills, no gyms, no scholarships. The Palisades Village School has no library and no cafeteria: students use the public library and eat bag lunches in the park. Teachers scrimp too, earning from $9,000 to $13,500 a year, compared with the $10,000 to $25,000 offered by the public schools. But there are few complaints. "The curriculum here is much more difficult," says Third-Grade Teacher Barbara Urban, 27. "Nobody is allowed to slack or goof...