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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:
[email protected]

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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

return2ozma@lemmy.world to

News@lemmy.world · 7 months ago

cross-posted to:
[email protected]

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

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7 months ago
This is how you never accumulate wealth…
- Burn_The_Right@lemmy.world
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  7 months ago
  Itty bitty savings will never lead to wealth either. The working class and “middle class” that remains has a low enough income to recognize this.

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