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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🙋‍♂️ That'd be me. Keep moving the goalposts society. I'm over it. I'll wait for my mom to die to get her house. Idgaf anymore. Don't need a house.

Same. My dad dying and leaving me his house is the only way I was able to afford to stop renting and stop living paycheck to paycheck. A perk of being an only child I suppose.

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