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News • 1 month ago

Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says

cross-posted to:
economics
aboringdystopia

522

Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says

@return2ozma to

News • 1 month ago

cross-posted to:
economics
aboringdystopia

"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."

Chat

@Psychodelic
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0•1 month ago
I mean, it was real for white people. It makes sense why they’re the most pissed and confused lately

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