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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

return2ozma@lemmy.world to

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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7 months ago
We’re in late stage capitalism. Getting rid of the gold standard was one of the biggest mistakes in US history.
- clearedtoland@lemmy.world
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  It blows my mind that the world basically runs on Monopoly money and accounting smoke and mirrors.

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