Downshifters are people who make a voluntary decision to reduce their income in order to improve the quality of their lives. In this study Christie Breakspear and Clive Hamiliton explore in detail the life changes and attitudes of downshifters by way of extensive interviews and focus groups.

The study identifies four main reasons for downshifting; a desire for a more balanced life; a clash between personal values and those of the workplace; the search for a more fulfilling life; and ill health. Downshifters often report that they have some concerns about their financial situation, including provision for retirement. Some difficulties encountered involve difficultly freeing themselves from the compulsion to work, adapting to a slower pace of life, and missing the social interaction of their former workplaces. When asked about the benefits of downshifting, respondents cite a new sense of personal freedom, rediscovery of the joy of living and regaining control over their lives. One common regret expressed by downshifters is that they did not act sooner.