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News@lemmy.world · 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

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 · 7 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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SuperCub@sh.itjust.works
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7 months ago
Exactly, it would just be the “American Way”.

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