☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 6 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

cross-posted to:
news@lemmy.world

29

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

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 6 months ago

cross-posted to:
news@lemmy.world

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

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Maoo [none/use name]@hexbear.net
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6 months ago
Inflation is just rising costs. It includes price gauging and having to pay tariffs.