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News@lemmy.world · 3 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

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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

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News@lemmy.world · 3 months ago

"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."

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3 months ago
And that’s while already having a trillion in credit card debt.
- Blackmist@feddit.uk
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  The wonderful thing about debt is, if you have enough of it, it suddenly becomes somebody else’s problem.

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