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 - eviltoast
"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."
  • freebee@sh.itjust.works
    4·
    6 months ago

    If you would have bought a basement full of canned food somewhere shortly before corona or shortly before the russians went full loco in ukraine, it would have been a top tier investment. And if it wouldn’t have been, they don’t go bad fast and you can still eat them :') In high inflation environment, buying stuff instead of stacking money can make sense indeed.

    • Evil_Shrubbery@lemm.ee
      131·
      6 months ago

      Why grind when production is way higher than needed.

      Just eat the rich.

      Historically it always led to an era of prosperity.