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News@lemmy.world · 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

cross-posted to:
aboringdystopia@lemmy.world

520

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@lemmy.world to

News@lemmy.world · 6 months ago

cross-posted to:
aboringdystopia@lemmy.world

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

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6 months ago
Well, you gotta be asleep to believe the American Dream, so maybe this means a lot of people are waking up.

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