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News@lemmy.world · 9 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 · 9 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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9 months 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.
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