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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We have been very lucky and fortunate to acquire the American dream. My wife and I wouldn't have been able to do it without the help of her family though. Every time I look at the housing market it's only gotten crazier.

having family help isn't the american dream. that's the aristocratic dream, where land is only owned by the wealthy who inherit it.

It blows my mind that the world basically runs on Monopoly money and accounting smoke and mirrors.

::: spoiler spoiler


:::

The median home prices in California where I'm at.

I'm in the SF bay area. FML

Living there for two years... I realized I needed to gtfo of California. Thankfully I did two years ago.