@return2ozma to A Boring Dystopia • 8 months agoConsumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist saysfortune.comexternal-linkmessage-square24arrow-up1160arrow-down19cross-posted to: economicsnews
arrow-up1151arrow-down1external-linkConsumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist saysfortune.com@return2ozma to A Boring Dystopia • 8 months agomessage-square24cross-posted to: economicsnews
minus-square@Adalastlink7•7 months agoDon’t spend. That is what they want. Spending is just transferring the money into the pockets of the greedy.
minus-square@return2ozmaOPlink4•7 months agoA lot of younger people are maxing out credit cards and Buy Now Pay Later money lenders and then not paying it back.
minus-square@LemmyKnowsBestlink1•7 months agoYeah but that only works for about a month. Then they are toast.
minus-square@[email protected]linkfedilink2•7 months agoNo no. You max everything out then go bankrupt. Like the big companies do.
Don’t spend. That is what they want. Spending is just transferring the money into the pockets of the greedy.
A lot of younger people are maxing out credit cards and Buy Now Pay Later money lenders and then not paying it back.
Yeah but that only works for about a month. Then they are toast.
No no. You max everything out then go bankrupt. Like the big companies do.