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News@lemmy.world · 7 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 · 7 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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TubularTittyFrog@lemmy.world
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7 months ago
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.

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