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Experts predict increased purchasing power

NEW YORK, Jan. 1 (UPI) -- People in the United States should experience more purchasing power in 2010, while embracing grass-roots environmentalism, experts predict.

Elizabeth Warren, chairwoman of the Congressional Oversight Panel, suggested 2010 will be a year in which U.S. consumers revel in increased credit, but what those consumers buy will likely not alter much, The Christian Science Monitor reported on its Web site Thursday.

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"We're not going to see any movement on iPods, big-screen TVs, or even real estate," said Warren, who is also a Harvard University professor of contracts law. "I think the big shift is going to come in credit."

Meanwhile, 2010 could be a year in which more U.S. residents take part in local environmental efforts, a public policy lecturer predicts.

Elaine Kamarck, a lecturer at Harvard University's Kennedy School of Government, said the national political system is struggling, "so I think you'll see more grass-roots environmentalism."

The Science Monitor said if recent trends hold, 2010 could also see more teenagers reading books, more senior citizens playing video games and the U.S. birthrate decreasing.

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