☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 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

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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

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 7 months ago

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

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If I can’t save for retirement, I might as well have a nice bike and a nice gaming PC.
- ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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  yolofication of a society