News · 10 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

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

News · 10 months 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."

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Evil_Shrubbery@lemm.ee
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10 months ago
Why grind when production is way higher than needed.

Just eat the rich.

Historically it always led to an era of prosperity.

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