☆ Yσɠƚԋσʂ ☆M to United States | News & Politics@lemmy.mlEnglish • 1 year 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:
news@lemmy.world

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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 • 1 year ago

cross-posted to:
news@lemmy.world

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

Chat

davel [he/him]
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8•1 year 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]
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  4•1 year ago
  OD stats would suggest you’re not alone in this idea