Brad here. When I was younger, I had the oldest, most beat-up car of any of my friends. It was a 1981 Toyota Celica that I bought in 1988 and kept until 1997. Yes, I am cheap. My colleague Tom Scarlata, of Commonwealth’s Investment Management and Research group, is also cheap—which I applaud—as well as thoughtful. His observations and conclusions put some context around spending behaviors we see every day, but might not be thinking about enough. Thanks, Tom!