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
195

You are viewing a single comment

The headline reads like big retail trying to squeeze more profits. Of course people aren't saving as much, they have to buy groceries.

No, but even for those of us with some extra money… we’re not building a savings pile for a house or anything… we’re just spending the extra on doing things and buying stuff beyond our needs.

we’re just spending the extra on doing things and buying stuff beyond our needs.

That's one of many problems and majority of the people who fit this category like to point the finger at anything and everything else... when the problem is themselves and their spending habits.

9 more...
9 more...