return2ozma@lemmy.world to News@lemmy.world · 4 months agoConsumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist saysfortune.comexternal-linkmessage-square193fedilinkarrow-up1550arrow-down130cross-posted to: usa@lemmy.mleconomics@lemmy.worldaboringdystopia@lemmy.world
arrow-up1520arrow-down1external-linkConsumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist saysfortune.comreturn2ozma@lemmy.world to News@lemmy.world · 4 months agomessage-square193fedilinkcross-posted to: usa@lemmy.mleconomics@lemmy.worldaboringdystopia@lemmy.world
minus-squareBigTrout75@lemmy.worldlinkfedilinkEnglisharrow-up54arrow-down3·4 months agoThis is true, I asked a new-ish employee about getting/saving for a house and she was like, “why bother? They cost to much.”
minus-squareTubularTittyFrog@lemmy.worldlinkfedilinkarrow-up11·4 months agothe price of homes goes up faster than anyone can save. that’s the problem. housing prices used to rise at or below inflation. now they rise at like 3x inflation.
This is true, I asked a new-ish employee about getting/saving for a house and she was like, “why bother? They cost to much.”
the price of homes goes up faster than anyone can save. that’s the problem.
housing prices used to rise at or below inflation. now they rise at like 3x inflation.