☆ Yσɠƚԋσʂ ☆M to United States | News & Politics@lemmy.mlEnglish • 6 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

30

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

☆ Yσɠƚԋσʂ ☆M to United States | News & Politics@lemmy.mlEnglish • 6 months ago

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

Chat

davel [he/him]
link
fedilink
English
8•6 months ago
If I were in the average millennials’ or gen-zs’ shoes, I might be spending it on drugs.

https://en.wikipedia.org/wiki/Disease_of_despair

https://en.wikipedia.org/wiki/Social_murder
- Assian_Candor [comrade/them]
  link
  fedilink
  English
  4•6 months ago
  OD stats would suggest you’re not alone in this idea