@return2ozma to A Boring Dystopia • 7 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 • 7 months agomessage-square24cross-posted to: economicsnews
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.
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.