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 · 7 months 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

@NotMyOldRedditName · edit-2 7 months ago

Holding cash makes it sound like it only impacts those who have cash savings, but it takes value away from the work you do as you get paid in cash and those wages never keep up to inflation from the printing machine. So they “invigorate” the economy by devaluing your work.