return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 7 months agoConsumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist saysfortune.comexternal-linkmessage-square24fedilinkarrow-up1157arrow-down19cross-posted to: news@lemmy.world
arrow-up1148arrow-down1external-linkConsumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist saysfortune.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 7 months agomessage-square24fedilinkcross-posted to: news@lemmy.world
minus-squareOddNugget@kbin.sociallinkfedilinkarrow-up10·edit-27 months agoStagflation is the name and losing purchasing power is the game. Replacing rapidly depreciating cash with something tangible might not be the worst idea. But, wasting money on stupid stuff you can’t resell won’t do anybody any good.
Stagflation is the name and losing purchasing power is the game.
Replacing rapidly depreciating cash with something tangible might not be the worst idea. But, wasting money on stupid stuff you can’t resell won’t do anybody any good.