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
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
fortune.com 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
"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."
![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](https://lemmy.ml/pictrs/image/55396907-65e0-4570-97fd-8db62d3f9eed.jpeg?format=webp&thumbnail=256)
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If I can't save for retirement, I might as well have a nice bike and a nice gaming PC.
9 0 Replyyolofication of a society
7 0 Reply
If I were in the average millennials’ or gen-zs’ shoes, I might be spending it on drugs.
6 0 ReplyI don't have any savings but i do have a nice VR headset
4 0 Reply