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News@lemmy.world · 11 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 · 11 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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Ragnarok314159@sopuli.xyz
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11 months ago
Well damn, I wanted to talk about the neat things made during Covid when the hardware stores were closed.

It was fun modeling household items.
- 4grams@awful.systems
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  11 months ago
  Agreed! The phone I’m typing this on right now is dressed in my finest yellow TPU.

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