We review recent progress and a number of future directions for applications of effective field theory methods to condensed matter systems broadly defined. Our emphasis is on areas that have allowed a fertile exchange of ideas between high energy physics and many-body theory. We discuss developments in the effective field theory of spontaneous symmetry breaking, of hydrodynamics and non-equilibrium dynamics more generally, fracton phases of matter, and dualities between 2+1 dimensional field theories. We furthermore discuss the application of effective field theory to non-Fermi liquids, the dynamics of entanglement entropy and to condensed matter aspects of cosmology.