☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 6 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:
news@lemmy.world

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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 · 6 months ago

cross-posted to:
news@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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davel [he/him]@lemmy.ml
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6 months ago
If I were in the average millennials’ or gen-zs’ shoes, I might be spending it on drugs.

https://en.wikipedia.org/wiki/Disease_of_despair

https://en.wikipedia.org/wiki/Social_murder
- Assian_Candor [comrade/them]@hexbear.net
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  6 months ago
  OD stats would suggest you’re not alone in this idea