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 – 514 points –
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
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If I was smarter and worked harder I could be rich too.

You obviously don’t hang with many rich people. They are regular people. They aren’t special, they just hit the right set of circumstances. Most of the smartest and hardest working people I know are actually not the richest. Capitalism doesn’t reward intelligence or hard work per se. It rewards accumulation of capital which has much more to do with circumstance, investment, and manipulation.

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Ah yes, I too believe the lie that the wealthy got their wealth from being smarter and working harder than everyone else, and not because of vast amounts of luck combined with exploiting everyone underneath them.

The truly rich are rich of soul. If you need help achieving enlightenment, I would be happy to help you and take some money off your hands.

/s

Keep talking to yourself like that and you'll find yourself at the barrel end of depression broke and alone.

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