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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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djsoren19@yiffit.net
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7 months ago
Yeah, I hate this American-centric idea of “Oh, only my country is experiencing this totally unique problem, I’ll just go somewhere else.”

As if late-stage global capitalism would somehow be a problem that is unique to a single country.

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