Video: How Madison Avenue Shoppers Cut Back in the Downturn

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The economic downturn is affecting everyone, including Madison Avenue shoppers. Tim Murphy hit the luxury-store-strewn street to find out how shoppers are scaling back in These Economic Times. One had just bought glasses. "They were cheap. I got the $200 ones instead of the ones that were $400. Just 'cause I'm trying to be, you know, a good person." Another told him, "I'm eliminating silliness — necessities more than superfluous nonsense." He had just bought something at Tiffany & Company. Watch the video to find out what.