Taking time off work, but can't afford to go anywhere? That's a staycation. Salvaging used goods thrown away by others is no longer dumpster-diving, it's "free-cycling". And books and books of clipped coupons are no longer the domain of grandmas, but of twenty-somethings.
Things that haven't been in vogue since the Great Depression are now skyrocketing back into popularity. Don't believe me? Take a visit to Google and see how many people now raise chickens at home (even in urban dwellings).
Frugality is my generation's new hobby. "Sure," you might be thinking. "Times are tight." But it's my belief that there are several issues beyond the Great Recession contributing to this widespread penny-pinching.