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return2ozma@lemmy.world to News@lemmy.world · 1 year 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

fortune.com

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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

fortune.com

return2ozma@lemmy.world to News@lemmy.world · 1 year ago
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"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."
  • 4grams@awful.systems
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    • TubularTittyFrog@lemmy.world
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      1 year ago

      pretty much.

      i purchased a new car in 2018. it was 20K. that same car today is close to 30K. in another 5 years it will be closer to 40 probably.

      • 4grams@awful.systems
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    • Dkarma@lemmy.world
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      I don’t want anything anymore. Everything on the shelves is just crap

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        • Ragnarok314159@sopuli.xyz
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          Someone much smarter than me explained how you don’t own stuff, it ends up owning you. This is outside of necessities.

          You buy some decorations? Now you have to dust them, keep a place for them in your home. There are all kinds of examples, and collecting trinkets and oddities will never make you happy or fulfilled.

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            • Ragnarok314159@sopuli.xyz
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              Well damn, I wanted to talk about the neat things made during Covid when the hardware stores were closed.

              It was fun modeling household items.

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